Thread regarding Lowe's Cos. layoffs

The REAL problem with Lowe’s

I’ve been a little disappointed lately with the quality of posts on this site. It seems to be awash in conspiracy theories, wild accusations and just generic griping. I realize that many of you may have circumstances that differ from one store to another. Some have c-appy bosses, lazy co-workers and insufferable customers, but that happens in ALL retail jobs. Laying that kind of stuff at the feet of Lowe’s corporate leaders is a waste of time.

The REAL problem with this company is that the people who run it have no real strategy. They cut positions, move around titles, responsibilities and reorganize every couple of years but it’s not part of any coherent plan. They talk a lot, and I mean A LOT, about what they want to do but it means nothing because all you have to do is wait and they’ll change their minds in a few months. There’s no consistency in any of these decisions beyond cutting payroll and you can’t grow a business with just cutting payroll. There has to be a greater vision about where you want to go with your business and you need to risk more than just your bonuses.

Think about what these guys have said over the past year or so. They want to challenge Home Depot, but have they really done ANYTHING that does seriously moves this objective forward? Eliminating FSAs? Going to third party assemblers and delivery? You think that is going to move the needle? Seriously? Now we’re eliminating pick up desks in most stores and creating an overnight team. Whoop-de-do. NONE of this addresses their stated goals. NONE OF IT. Home Depot kicks our a– because they’ve put serious investment into serving contractors that goes way beyond anything we’ve done. They’ve put serious effort into staffing their stores and improving their customer service. And we’ve responded by cost cutting? What the f*ck?

The only way we’re going to get anywhere is if the over paid simpletons stop thinking more about their stock price and yearly bonuses and actually start investing and risking real money and effort. You have to be willing to go out on a limb and push the company and people to think bigger than momentary gain for themselves and the investors. No body ever succeeded by playing it safe and that’s what cost cutting and structural reorganization’s are. Playing it safe and talking BS. You have to risk your reputation to convince your employees and investors to think bigger and put their money, blood, sweat and tears behind it. Anybody getting the impression that we’re risking anything?

You’re pod cast is cute Mr. Ellison, but no one who knows anything really thinks it’s anything other than window dressing. Until you are really willing to step up and be a leader, this company is going to spin in circles.

Oh, and stop broadcasting the Lowe Down every week. It’s just embarrassing. If I have to see one more map covered in red or one more product spotlight that fails to improve sales, I may vomit.

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| 1381 views | | 6 replies (last August 20, 2019) | Reply
Post ID: @OP+10Dgmlph

6 replies (most recent on top)

Marvin is doing a great job at moving the stock price to surpass HD. Lowes, as of today has moved all the way up to where HD was the first week of November 2014. ( By the way HD stock closed at $217.09 and Lowes is all the way up to $97.87 at close).
I wonder which company Marv has more shares of ? Anyone ?

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Post ID: @cqp+10Dgmlph

I couldn’t have said it better. The thing that really gets me is, the Market Teams come into the store with this blank look on their faces like they haven’t any idea what to do about what is being thrown at them to somehow convey to the store level. Clueless and lost!

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Post ID: @vaj+10Dgmlph

Trust me, they do have a plan.

They have customer service robots, exoskeletons that can help eliminate most positions, and a overall plan to transition from brick and mortar to internet space to compete with Amazon.

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Post ID: @qkl+10Dgmlph

Marvin does have a game plan; it's called do whatever is necessary to make the selling price of Lowe's stock equal to or greater than Home Depot.

Anything and everything he does is done to achieve this one goal.

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Post ID: @xwn+10Dgmlph

Great post. Being one of the assemblers that was shown the door, I also have some insight as to the stupidity of upper MGMT. I started with Lowes at Huffy. The last year they had a contract with Lowes; we were told that Huffy did 65 million in assembly the previous year and that would get Lowes attention. It sure did they went to in house assembly.

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Post ID: @aob+10Dgmlph

awesome post!

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Post ID: @slr+10Dgmlph

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