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

Lowes - Term Paper Example umteen of the firms involved in the construction industry underwent through tremendous changes and growth during this period. 3 Major Competitors 3 NACIS Numbers 3 Relative Sales 4 Relative Returns 5 Product Life rung 5 Stock Performance 5 Works cited 6 Introduction The main aim of this launch-up is to analyze Lowes performance in terms of products offered, financial performance against major competitors and the industry in general and assets base. Lowes, being the randomness largest denture returns company in the united states, has a human action of advantages and disadvantages against the market leader, Home Depot. While 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 commission of Lowes company strategically placed the companys product line to focus on home improvement tools and equipment through a restructuring pro cess that took 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 United States from Home Depot Company. ... Although the company face reduced revenues during the 2008 economic downturn, it hopes to recover 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 of necessity 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 summarize home improvement market, translating to about $140 million (Lowes Ranks High12). The company has had a long register of success, to reach its current 400 stores spread across 24 sta tes in the United States. Initially, Lowes concentrated on medium sized markets, with its stores measuring 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, alone 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 grammatical construction materials. Before this specialization, the company incorporated a range of products such as notions, dry 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 Hardw are, Inc. between 1952 and 1959 with Buchans