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Re: Why Lowe's is closing stores and slashing inventory
Author: Dragoman
Date: 08-22-2018 - 13:42
WebDigger Wrote:
-------------------------------------------------------
> "Lowe's is slimming down to better compete with
> Home Depot.
> ...
> The company ... said it is
> shutting down its Orchard Supply Hardware stores
> and plans to slash inventory at its Lowes stores."
> ...
> ... He added
> that even if Orchard were a much larger business,
> it would “have very small benefit to the
> shareholders.” ...
Just more signs of what appears to be an increasingly common US business tactic: cut back & re-trench to face competition, instead of growing & serving customers better.
1) Slashing store inventories will help them compete against Home Depot??
2) If OSH is/was such a small part of the organization, why absorb them at all (other than to eliminate a competitor which actually did serve customers)?
Another rail connection (besides the calendars):
If only Amtrak would try to deal with their deficits by trying to EXPAND service & thereby EXPAND REVENUES, rather that slashing costs by slashing service ...
-------------------------------------------------------
> "Lowe's is slimming down to better compete with
> Home Depot.
> ...
> The company ... said it is
> shutting down its Orchard Supply Hardware stores
> and plans to slash inventory at its Lowes stores."
> ...
> ... He added
> that even if Orchard were a much larger business,
> it would “have very small benefit to the
> shareholders.” ...
Just more signs of what appears to be an increasingly common US business tactic: cut back & re-trench to face competition, instead of growing & serving customers better.
1) Slashing store inventories will help them compete against Home Depot??
2) If OSH is/was such a small part of the organization, why absorb them at all (other than to eliminate a competitor which actually did serve customers)?
Another rail connection (besides the calendars):
If only Amtrak would try to deal with their deficits by trying to EXPAND service & thereby EXPAND REVENUES, rather that slashing costs by slashing service ...
