Executive Summary For Lowe's
Business Description: Lowe’s companies, Inc. established 72 years ago at the year of 1921, Its a home improvement retailer, functions through the United States for building materials and supplies. Headquartered in North Wilkesboro, North Carolina, serves more than 17 million customers a week from all stores. Currently, Lowe’s operates in 1,820 stores within the United States and 310 stores internationally in Canada and Mexico. Lowe’s is known as the second largest US home appliances retailer after Sears. In fiscal 2017, the company’s net revenue increased by 10% over the past five years to $65.0 billion because of an increase in comparable sales due to higher sales per customer as well as its net income that raised 21% to $3.1 billion. Its stores sell around 37,000 products, its main source of revenue comes from lumber and building materials, which account for 15% of sales. 50% of total sales combined accounted for different product lines such as tools and hardware, appliances, fashion fixture, electrical, and garden sales. In terms of the rest of their earnings, it comes from seasonal sales. Lowe’s owns and operates 15 highly automated regional distribution …show more content…
The third ESG pillar of Lowe’s Companies, is governance that scored 6.0. In comparison to peers, Lowe’s have the minimal score in terms of key issues identified in privacy and data security and chemical safety while FAST RETAILING., LTD. for instance; had both those factors at optimum score. FAST RETAILING., LTD. rate is ‘A’ and its trend is unchanged, it maintains constant. Thus, the rating trend of Lowe’s key issues in association to its rivals illustrates that it could be better like ‘A’, which is Home Depot rating or even better rating ‘AAA’ and that is the current rating for Industria de Diseno Textile,
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