Thread regarding Lowe's Cos. layoffs

Marvin doesn't have a strategy

Marvin doesn't have a strategy. ALL of the decisions he has made since he was appointed were discussed under the previous leadership - the only difference is he has made the decision as opposed to talking about what decision to make. Marvin, an out and out operator, will lead by fear and drive results (if you don't get the results, you will be let go) and someone will be put in your place.

If you have not worked at Home Depot, Sears or Target, they are not interested in talking to you. Promotions for those that have been at Lowe's a long time have ceased and promises of investment are being reigned back in because they are beginning to realize that going back to retail fundamentals is not as easy as when all the executives did it 10+ years ago. Retail has evolved since then!

It will be interesting to see what pieces of a great company are left when Marvin is let go because he can't get the stock price to the level that he is being asked to by activist investors and his buddy who invested.

On-point post from @Y8dqMq6-1uye .

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| 1153 views | | 2 replies (last March 24, 2019) | Reply
Post ID: @OP+Y9JB4bh

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Marvin is making the wrong changes. He is not doing a serious analysis and finding true gaps. He is using a method he used in previous companies and then he ran away before the screwed up decisions caught up to him. Times change and so has the retail world. Trying to be the old Home Depot he once knew is not the way to go. Discovering a new angle to get customer traffic again makes more sense. Lowe's used to be the home improvement center for women and DIYers and Home Depot was in a way more for contractors. Now all the softer side of Lowes is gone and they are just trying to be Home Depot. It doesn't work.

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Post ID: @5jhm+Y9JB4bh

Marvelous’ strategy is as follows; cut, cut, cut!

We work for a company that makes billions (69 billion) each year and we have associates using personal smart phones to help customers because the technology we have is old, or doesn’t work.

Really sad if you ask me.

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Post ID: @yii+Y9JB4bh

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