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Prepared by:

       Business Team 5

               Lucy Snelson
               Patricia Tellez
               Kaitlyn Urenda
               Pedro Vega
   Founded in 1946.
                                North Wilkesboro, North
                                 Carolina.
                                Second largest home
                                 improvement retailer world
                                 wide.
                                Serves more than 14 million
                                 customers a week.

   1,710 stores in the United States and 20 in Canada.
   Lowe’s stores stock 40,000 products.
   Hundreds of thousands more available by special
    order.
Mission Statement
   To provide home improvement products and
    valuable solutions to the customers.


      Values statement

   We will provide customer-
    valued Solutions with the
    best prices, products and
    services to make Lowe’s the
    first choice for home
    improvement.
Strengths
     Established presence and efficient
      merchandising:
       Store segmentation efficiently caters
        to the customers’ needs.
       Dedicated service for commercial
        business customers.
     Commerce development initiatives:
       Provides customers several shopping
        options
         Buying online, pick-up in-store, or direct
          shipment to the customer home.
       Programs promoting long-term business.
         Roofing, siding , and fencing.

   Strong      distribution system:
       Owns and operates 14 regional
        distribution centers.
Weaknesses
   Dependence on third party manufacturers
       Difficult to ensure the quality of the goods they offer
        in their stores.
       Often leads to product recalls.
Opportunities
       Private label brands drive growth
           Increasing demand for private label brands.
           Excellent reputation among consumers.
            Well poised to reap the benefits of private label
             brands.
   Online and language investments
       The company launched Lowe’s.com en Español.
          Increase appeal to the Hispanic consumers.
          Enhance their experience.
Threats
   Difficult US economy
       Affects sales for the company.
   Competition
       Large, small, direct and indirect competitors.
         Financial performance could be severely affected if they are
          unable to meet the competitive pressures.
   Poor outlook of housing market
       Decreasing demand for home improvement and building
        materials.
         The number of new houses being built, or not built, directly
          impacts demand.
   A frequent topic in the national news between
    2005 and 2007 involved a language panic.
   The display of signs in Spanish upsets many
    customers.
   English is pivotal to the preservation of a
    strong national identity.
   Quickly became an immigration related topic.
   Lowes cannot be responsible for the entire well
    being and ideals of the United States.
   Common courtesy and understanding is a key
    element.
   Place of business needs to hold the needs of its
    customers above prejudice or ignorance of the
    general public.
   Bilingual signs should
    stay.
   Special training for
    employees.
       Accommodate needs for
        those with an English
        language barrier
   Advertising campaign
    promoting tolerance
    among different cultural
    groups.
   Dual language signs are a source of
    convenience for the diverse nationalities in our
    country.
   Proper training of employees will boost
    confidence and pride among customers.
   Lowe’s will establish itself as a community
    leader and mentor.
   Increase in revenues by attracting new
    customers.
Power point presentation eng 3355

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Power point presentation eng 3355

  • 1. Prepared by: Business Team 5 Lucy Snelson Patricia Tellez Kaitlyn Urenda Pedro Vega
  • 2. Founded in 1946.  North Wilkesboro, North Carolina.  Second largest home improvement retailer world wide.  Serves more than 14 million customers a week.  1,710 stores in the United States and 20 in Canada.  Lowe’s stores stock 40,000 products.  Hundreds of thousands more available by special order.
  • 3. Mission Statement  To provide home improvement products and valuable solutions to the customers. Values statement  We will provide customer- valued Solutions with the best prices, products and services to make Lowe’s the first choice for home improvement.
  • 4. Strengths  Established presence and efficient merchandising:  Store segmentation efficiently caters to the customers’ needs.  Dedicated service for commercial business customers.  Commerce development initiatives:  Provides customers several shopping options  Buying online, pick-up in-store, or direct shipment to the customer home.  Programs promoting long-term business.  Roofing, siding , and fencing.  Strong distribution system:  Owns and operates 14 regional distribution centers.
  • 5. Weaknesses  Dependence on third party manufacturers  Difficult to ensure the quality of the goods they offer in their stores.  Often leads to product recalls.
  • 6. Opportunities  Private label brands drive growth  Increasing demand for private label brands.  Excellent reputation among consumers.  Well poised to reap the benefits of private label brands.  Online and language investments  The company launched Lowe’s.com en Español.  Increase appeal to the Hispanic consumers.  Enhance their experience.
  • 7. Threats  Difficult US economy  Affects sales for the company.  Competition  Large, small, direct and indirect competitors.  Financial performance could be severely affected if they are unable to meet the competitive pressures.  Poor outlook of housing market  Decreasing demand for home improvement and building materials.  The number of new houses being built, or not built, directly impacts demand.
  • 8. A frequent topic in the national news between 2005 and 2007 involved a language panic.  The display of signs in Spanish upsets many customers.  English is pivotal to the preservation of a strong national identity.  Quickly became an immigration related topic.
  • 9. Lowes cannot be responsible for the entire well being and ideals of the United States.  Common courtesy and understanding is a key element.  Place of business needs to hold the needs of its customers above prejudice or ignorance of the general public.
  • 10. Bilingual signs should stay.  Special training for employees.  Accommodate needs for those with an English language barrier  Advertising campaign promoting tolerance among different cultural groups.
  • 11. Dual language signs are a source of convenience for the diverse nationalities in our country.  Proper training of employees will boost confidence and pride among customers.  Lowe’s will establish itself as a community leader and mentor.  Increase in revenues by attracting new customers.