AnaLyze impact of sales and income growth on profitability
Lowe’s Inc.
Thesis: Lowe’s Inc. is a home improvement company which offers a range of products used for repair, maintenance, remodeling and decorating. The products get categorized in tools and hardware; rough plumbing; fashion fixture; lawn and garden; appliances; plumber and building materials; paint; kitchen; seasonal and outdoor living; flooring, and millwork. The company supports community improvement projects in its operation in the United States, Mexico, and Canada.
1. Products and Services Offered in Lowe’s Inc. Company
A. The company offers home improvement services such as installation done by independent contractors for a range of products. It also provides an in warranty and out of warranty repair services for all appliances, tools, grills, water heaters, and outdoor power equipment (Reuters, 2018). The facilities are offered by Authorized Service Repair Network or through the stores.
B. The products available in the company’s store include Allen and Roth home décor products, Cobalt tools, Portfolio lighting products, Project Source essential value products, Blue Hawk home improvement products, Harbor Breeze ceiling fans, iris home automation and Top Choice lumber products.
2. Strategy Options
A. Lowe’s Inc. is dedicated to empower and drive loyalty and trust from customers. Striving to ensure that customers proud of their home receive home improvement products and services from Lowe’s Inc.
B. The vital concerns for the company include expansion of home improvement to attain profitable share gains, generate returns for shareholders and long-term growth profitability as well as adapt customers’ developing capabilities in support and anticipation of their needs (MOORESVILLE, 2016).
C. The strategy options are as stated below;
I. Forward-Looking Statement commented by the management committee in 2016.
II. Creating a more differentiated experience in brands and products.
III. Retail relevance.
IV. Additional working hours.
V. Profitability growth and growth driver sales.
3. Scholarly Article
A. The Dynamic Relationship between Growth and Profitability under Long-Term Recession: The Case of Korean Construction Companies. This article will help in relating growth and profitability in the diverse market and international environment as well as understanding customer behavior.
B. The impact of sales and income growth on profitability and market value measures in actual and simulated industries. The article will advance understanding of the impact of sales in profitability to increase returns.
C. Customer Relationship Management (http://www.infoentrepreneurs.org/en/guides/customer-relationship-management/). The article will help in understanding how to improve customer relationship to win trust and honesty from customers.
D. Benefits of Smart Appliances in your Home. In this article, I will get a broader idea on how to advance services and products to fit customer needs. Customers need smart appliances that can solve their needs and offer the best services.
References
MOORESVILLE, N.C., (2016). Lowe’s Outlines Strategic Priorities and Long-Term Financial Targets at 2016 Analyst and Investor Conference, Retrieved from https://newsroom.lowes.com/news-releases/lowesoutlinesstrategicprioritiesandlong-termfinancialtargetsat2016analystandinvestorconference/
Reuters, (2018). Lowe’s Companies Inc. (LOW), Retrieved from https://www.reuters.com/finance/stocks/company-profile/LOW
