Operational Cuts and Stock Buy-Back grant shareholders temporary earnings boost!

Well, Well Lowe's has dismantled enough labor and revenue streams to gain their 30 seconds of fame.
Funny they didn't get there by increasing sales (down for quarter) increased market share (HD still grows more foot traffic} or anything other than symbols on the page. Sounds alot like Sears, Pennys,
Toys R Us and Bed Bath and Beyond who all bragged before their trip downtown. When you don't sell more you earn less, right? when you sell too cheap you earn less, right?

Revenue,down,,,,,sales margin down, but employee head count way down. I guess controlling your labor is the key to profitable business. Hell it was the cotton industry lesson in 1860....just add more slaves.....get the picture?

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All these cuts and store closings does great to get the stocks up and make the earnings report look great but I'll bet you the repercussions are going to be devastating

Store manager sent out an email plea to step up our game as we had double digit negative comp the first few weeks of the quarter.

Sales at my store are way down, if it weren’t for all the side stacks in aisle one we could open a bowling alley and not see a single customer. We also wouldn’t have enough associates to stand I. For all the pins.

Our store manager is a great one for telling us that there are two controllable expenses; payroll and utilities. Well Marvin has cut the payroll but insists that the giant garage door near the pro desk remain wide open all day (so we can air condition the outside) because it is more inviting to the pro customer.

Thread regarding Lowe's Cos. layoffs

Operational Cuts and Stock Buy-Back grant shareholders temporary earnings boost!

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