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Menards Vs Lowes Company Essay

676 Words3 Pages

Lowes Companies, Inc. The Home Depot, Inc. Menard, Inc. Open more stores Open more stores Slowly controlled growth Target women Target DIY Target DIY, customer centric Centralized distribution Increase regional distribution centers Hub-and-spoke distribution system Better store appeal Improve supply chain and merchandizing tools. Warehouse vending Clean neatly arranged stores, knowledgeable employees Project oriented Eliminate non-core businesses Detail oriented Increased offerings Reduce inventory Broad product offerings More customer friendly Improve customer service Cost savings to customers Point-of-sales communication New computer systems Task and result oriented Increase in major appliance sales Everyday low prices as opposed to promotional …show more content…

Business level strategies differentiates each from one another due to corporate leadership: However, they are also very much alike concerning the functional level strategies. All three strive for better customer service, and all three seek to provide low cost value to the consumer. What does set them apart is how they serve their customers. Lowes’ target market tailors more towards females to increase sales, Home Depot targets both commercial and residential customers, and Menards targets the entire family by providing houseware as well as building materials and groceries. One key difference between the three companies is that Menards believes they can better serve their customers by remaining a private company versus going …show more content…

M. (1996, December). Anatomy of a turnaround. Management Accounting [USA], 78(6), 38. Retrieved from http://link.galegroup.com.db19.linccweb.org/apps/doc/A19132929/AONE?u=lincclin_pbcc&sid=AONE&xid=6539cb75 Carlyle, E. (2013). Home Despot. Forbes, 192(9), 52. Grossman, M. (1999, February 11). Builders Square closing 34 units. Chicago Tribune. Retrieved from http://articles.chicagotribune.com/1999-02-11/business/9902110087_1_home-depot-stores-builders-square Hill, C. W. L., Jones, G. R., & Schilling, M. A. (2015). Strategic management: An integrated approach. Stamford, CT: Cengage Learning. "Home Depot seeks strategies for surviving 2009." Hardware Retailing, Apr. 2009, p. 19. General OneFile, http://link.galegroup.com.db19.linccweb.org/apps/doc/A197363263/ITOF?u=lincclin_pbcc&sid=ITOF&xid=c027f6ac. Accessed 20 Feb. 2018. Hoover’s. (2018). Zappos.com, Inc. [Competitive landscape] Retrieved from http://subscriber.hoovers.com.db19.linccweb.org/H/company360/competitiveLandscape.html?companyId=112806000000000 Masters, G. (2004, March). Lowe's turns the screws on urban competition: by going beyond the nuts and bolts of DIY retailing, Lowe's is encroaching on Home Depot's turf. Retail Merchandiser, 44(3), 48. Retrieved from

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