Most of the people commenting on this site have no idea just how bad Lowe’s has gotten in the past few years in comparison to the company it once was. I’ve worked for Lowe’s for over ten years and the company you work for now is barely recognizable. We were once a thriving and growing company that was kicking Home Depot’s a–. We were once a company that people were proud to work for. We paid people very well in comparison to the rest of the retail industry. Everyone had access to benefits, commissions and bonuses. We were stealing away everyone else’s employees because of all of this and it was difficult to get a job at Lowe’s. Lowes had a great reputation and we were making money and customers were happy.
What happened!? Yeah, I can hear some of you asking that from here. Well, it’s a long story but a basic one to understand. What you have now is what happens when a company is lead by people with no clear vision or strategy. This is what happens when you settle for being number two and focus on driving up the stock price without regard to your basic business model. You think I’m kidding? Look at what we’re selling this Black Friday; toys, skateboards, mattresses and Moose Munch. When the h ell did we change from a hardware store into a K-Mart?
We’re not focusing on increasing sales, we’re focusing on cutting positions to pump up our profitability. We’d rather spend the day begging for 10s on our surveys rather than actually earning them with customer service and having the place staffed with knowledgeable people. Why bother to be a really good business when you can fake it for the short term to please Wall Street . Who cares if the company is becoming a joke. By the time the place falls apart, most of the moro ns at the head of this company will be nicely retired and won’t give a f— what they’ve left behind. As long as you’ve got yours, then who gives a sh– what you’ve done to business right boomers?
Enjoy your stock price now guys. Once it becomes apparent to the rest of the world that our corporate masters have painted themselves into a corner with no real strategy forward then it’ll fall like a rock. My recommendation for everyone in the stores? Run. Run to a company that at least knows what it wants to do and has a clear path forward. Don’t wait until it becomes obvious to the rest of the world too. Look out for yourselves. God knows Marvin and his flunkies are.