Lowe's Term Paper Example | Topics and Well Written Essays - 1250 words

Lowes - Term Paper ExampleMany of the firms involved in the construction industry underwent by dint of tremendous changes and growth during this period. 3 Major Competitors 3 NACIS Numbers 3 Relative Sales 4 Relative Returns 5 Product Life Cycle 5 Stock work 5 Works cited 6 Introduction The main aim of this paper is to analyze Lowes performance in terms of products offered, financial performance against major(ip) competitors and the industry in general and assets base. Lowes, being the second largest home gain company in the united states, has a number of advantages and disadvantages against the securities industry leader, Home Depot. plot drawing the forecast for the companys performance, this report will make an assumption that industry trends and performance will remain as they were for the past 3 years. Theme The management of Lowes company strategically placed the companys product line to focus on home improvement tools and equipment through a restructuring process that too k place in the mid-1940s. Providing a range of home improvement products including name branded products and national branded equipment, Lowes home improvement company is the second leading home improvement company in the linked States from Home Depot Company. ... Although the company faced reduced revenues during the 2008 economic downturn, it hopes to recall from the losses made as the construction business gets back on its feet. To keep up with its increased growth and achieve its target of being the market leader, the company needs to restructure its operations, to include a number of products. History of the Firm Lowes is the second largest home improvement company in the United States and Canada from home depot company. Currently, Lowes holds about 6 per cent of the total home improvement market, translating to about $140 million (Lowes Ranks High12). The company has had a long history of success, to reach its current 400 submits spread across 24 states in the United States . Initially, Lowes concentrated on medium sized markets, with its stores beat no more than 75,000 square foot. Currently however, the firm builds stores of approximately 100,000 square-foot in medium sized markets and 114,000 square-foot stores in large markets. The first Lowes hardware store opened in 1921 in North Wilkesboro, North California. After the death of the founding father, Lucius S. Lowe in 1940, his daughter Ruth, took over the business, but opted to sell it to her brother in the same year. In 1943, Jim took Carl Buchan as his partner. With Carl Buchan as the manager, the store ventured into hardware and building materials. Before this specialization, the company incorporated a range of products such as notions, dry out goods, horse tack, snuff, produce, and groceries. In 1949, the company bought a second store in Sparta, North California. The company became an incorporated business in 1952 as the Lowes North Wilkesboro Hardware, Inc. betwixt 1952 and 1959 with Bucha ns