After totally screwing the pooch at Penny's, Marvin's bringing his stellar reputation of success to Lowe's.
Mismanagement, ineptitude, lack of strategy and reactionary managements ensures the long term success for Lowes.
Ellison should have been outsourced. The fish rots at the head.
Monkeys throw their own p–p.
Considering I sold Penney stock in 2011 when it was 32 a share and when Ellison started the only way it could go was up at around $8 a share. All he appears to have done is brought it to under $6 a share, I may be being generous. For him being a savior, he’s more like the relief pitcher that gave up a few it’s and a homer in a losing game. He definitely didn’t save it.
I love how Marvin comes on here every time Penny’s is mentioned to say it was already in the c-apper when he got there. He was hired to save it but quit.
Coming on here to say that it’s not him it was them is just the same as saying that “it was hard so I quit.”
Lodepot is coming soon to you.
Only a matter of time before Ellison gets the chop. His tenure at Lowes has been a disaster. Last fall he sold off all NPI (non-performing inventory) only to replace it with a lot of new NPI !! The stores are fuller with junk than ever before.
You do realize that JC Penney was already circling the drain when Marvin got there, right?