Just blaming current leadership for all of the company’s problems is lazy and short-sighted. Fact is, Lowe’s has been on the wrong track for years, in decline and plagued with underperformance since way before Marvin took over. I think it actually goes back to Niblock steering the company outside of its core business and getting the company entangled in some very costly acquisitions and initiatives that have cost the company and shareholders dearly. Orchard, Masters(Australasia), and I’d even argue Rona were all boondoggles that have never made a positive return on investment. HD has been eating Lowe’s lunch for at least the last 8-9 years not only because they have us outgunned but also because of investments in their existing stores and maintaining focus on the core business—serving and engaging the retail and pro segments of home improvement. I truly think current leadership recognizes the problem and is trying to right the ship.
Some of you will eventually come to the realization that, unless you are willing to advance into management, home improvement retail is simply not a career anymore that will support a family like it used to be. Those jobs are going away and they are never coming back.
OP is @11bs2mJy-1kup.