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The straight shooters at RetailGeeks say a change in management is needed at Lowe's (LOW -0.6%)...

The straight shooters at RetailGeeks say a change in management is needed at Lowe's (LOW -0.6%) as the disparity between margin execution (chart) at the retailer and its rival Home Depot continues to be significant.
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  • Dr.Dcuk
    , contributor
    Comments (2) | Send Message
     
    Charts are all very interesting but Lowe's produces the charted results by making all the classic mistakes.
    -Choosing an Accountant to wear all three top hats.
    -Over promising and under delivering on bringing technology into the 21st century.
    -Providing multiple disincentives to full time employees through elimination of spiffs, car giveaways, reduced benefits and a general "suck it up for the team" sales pitch without delivering any tangible results.
    -bad merchandising, pricing and display
    -favoring youth over experience in the retail experience. Who would deal with a computer trained 22 year old rather than a retired master electrician?

     

    There's more but in sum,Lowe's has spent the last 3 years turning itself from a growth oriented firm to a cash cow, quarterly earning focused flounder. Have I mentioned that upper management is not on the same page?
    15 Feb 2013, 12:22 PM Reply Like
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