Lowe's
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Need assistance in composing an essay regarding the Lowe's website as it relates to supply chain management.
Include a history of the Lowe's, the market in which it operates, the role of government regulations on it, and any issues or opportunities that it faces.
Include at least these of the following items in your analysis, plus three additional items relevant to the industry chosen:
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Include a history of the Lowe's, the market in which it operates, the role of government regulations on it, and any issues or opportunities that it faces.
The history of Lowe's begins in 1921when Lucius S. Lowe opened the Lowe's North Wilkesboro Hardware in North Carolina. The company passed onto Jim Lowe and Carl Buchan after the death of Lucius. Jim and Carl partnered in 1943. The second store was bought in Sparta, in 1949. The partnership split in 1952 when Buchan took over the hardware and building supply business and became its sole owner. After this there was quick expansion with stores in Charlotte, Asheville, and Durham. After Buchan dies in 1960 his executives made the company public and in 1962 Lowe's had 21 stores. In 1980s competition from The Home Depot forced Lowe's to take losses. However, Lowe's also adopted the big box format and grew rapidly. In 1999 it bought Eagle Hardware & Garden. In 2009 it entered the Australian market and partnered with Woolworths.
The market is the home improvement retail market. This market has a major competitor is The Home Depot. Other competitors are Menard Inc, and Sears, Roebuck and Co. Other companies that have an ...
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- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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