Annual Reports and Press releases The annual reports and press releases of both companies slightly differ though with a portion of similarity. Although, Home Depot’s annual report is composed at the headquarters of giving an inclusive report on all of the retail stores in the world, through the company’s website these reports posted can be found. Therefore, this being impartial and all-inclusive to an extent of analysis it would have to be done on the contrasts, similarities, profitability, and performance of different retail stores in different regions or countries. However, the shareholders and customers analyze the summary provided to know the general performance.
In her essay, “In Praise of Chain Stores”, Virginia Postrel hails the progressiveness of chain stores and counters arguments made against them. As a frequent shopper in my city, I have experienced the benefits of chain stores and how they affect the locals that shop in them. I believe that chain stores have not turned Augusta into a boring city because they are familiar even to those new to the area, they have a high standard of quality and service, and provide fair fixed prices. First, Postrel quotes Thomas Friedman in her essay, stating that “…America is mind numbingly monotonous- the most boring country to tour; because ‘everywhere looks like everwhere else…’ the familiarity of a Walmart to someone new to Augusta may be a relief,
Holli, I agree with your assessment of Lowe’s, but in their stores I do find some attributes of a customer based marketing approach. For example, all of the plumbing supplies are located together in one section of the store, whereas wood and nails for carpenters are located in another. While both may be purchased by a “handyman”, professionals usually are more specific in their needs and the tools that they need to accomplish their tasks. Lowes is also well known for their wider aisles, brighter lighting and better organization with more products within easy reach, leading to the consensus that women prefer shopping at Lowes over Home Depot (Briles, 2012). Afraid I cannot comment much on Nordstorm since I have never had the experience
Home Depot is a worldwide organization that focuses in the home improvement market, as well as provides product development for the construction industries. This strategically operated organization reflects the commitment from federal and provincial legislations in order to “take care of our people.” Home Depot pledges to create a safe work environment, and to treat everyone fairly. Home Depot is committed to customer service, and building strong relationships with costumers, venders, and associates.
The first Lowe 's store, which was Lowe 's North Wilkesboro Hardware, was first opened in North Wilkesboro, North Carolina in 1921 by Lucius Smith Lowe. Lucius Lowe died in 1940 and the business was then inherited by his daughter Ruth Lowe. Ruth sold the company to her brother Jim Lowe. Jim took on Carl Buchan as a partner in 1943. Buchan predicted the dramatic increase in construction after World War II, and the two partners decided that the store should only focus on hardware and building materials.
Connected with customer and set the stage for the experience. (High)11/7 Customer approached the desk, Korey greeted the customer with a personalized greeting asking them if they needed assistance and how there day was going. Created a dialogue to improve understanding of the customer’s needs. (High) 11/7 Korey asked what they were looking for and found that their needs fell into the realm of SOS product. Helped the customer see how Lowe’s could satisfy his or her need.
The subject’s name is Lanny Barter, an employee at Office Depot. The subject is 40 years, stands 6 feet and 6 inches tall and weighs 245lbs. The subject is a white male with black hair and wears glasses for his impaired vision. When working the subject walks around with a distinguishable limp on his left leg, it brings his body down a couple of inches and slightly leans to the left. The subject acquired this injury when he was 14 years old, from what the subject can remember from that time, he was hit by a car while playing outside.
Our group researched Best Buy and Conn’s, which are major electronic retailers. The companies have been competing for many years to become the top electronic retailer. Conn’s is a smaller company than Best Buy but some of Conn’s ratios seem to be better than Best Buy. Best Buy have more marginal debt and also has a lower profit margin, but there are some advantages. For example, Best Buy has a lower average collection period and has a higher return on total assets.
An organization often is founded on a core set of values that they find pertinent to the success of the business. Typically to focus these values a little more so than usual is develop a mission statement. With this the organization develops an encompassing statement, or statements, that shows why a company is the way it is. It shows the importance of guests and consumers, and it shows the professionalism exuded by the organization. “A mission statement is a concise statement of a company 's reason for being, what it actually does, and for whom.
Thuy Nim Bus 564 01/23/2018 Mini- Assignment 1 Follow someone in a supermarket or shopping warehouse. 1) Name of supermarket and location Hmart Supermarket Located at 1101 W. Huntington Dr., Arcadia, CA 91754 2) How did you choose the person to follow?