Does anyone know if and/or how many LOW stores
were damaged (and maybe shut down) as a result of the
flooding in the Carolinas. After all, this is where LOW
has largest concentration of locations. While the
flood will cause a TREMENDOUS surge in sales at LOW
(and HD), if several LOW stores were closed/damaged as
a result of the flood, we could see a very short
term hit (like today). Thanks. I emailed IR, others
ought to do the same.
they showed a picture of a man the are seeking
for questioning. The picture was taken in a LOWS that
was bombed. The FBI is not calling him a suspect yet,
but are seeking information on the man and want to
talk to him.
Nice to hear from the inside. Your level approach
The competition among store
employees is vigorous at times.
designed to meet the needs of employees and
mamangement/ownership. Competitive advantages in benefits may take place
at upper levels but certainly not at the store
Company success is driven by an employees' willingness to
provide customer service in the face of the POLITICS of
daily store operations. So it really boils down to who
we are as people. Give the best we have and we
develope a loyal customer base. PROFITS and PERSONAL
REWARD. So alot is expected of employees for the hourly
wage and benefits.
The consumer can benefit
greatly and clearly is when we look at these two
companies. Winter is hear and stock is beginning to move!
My wife worked at HD for several years and we
were both very pleased with HD's benefits (i.e., ESPP
at 85% of the lower beginning or ending market
value, 401k match with HD stock, and an ESOP in which
stock was given free based on lenght of service and
salary). When LOW was entering the OKC and DFW
marketplace, they tried and were successful in hiring away
some HD employees. From our conversations with these
employees, they are very pleased with LOW's benefits. I can
see no way that either of these two companies
benefits can be significantly different as they are
competing for the same workforce.
HD employee's who
think their benefits are vastly greater than LOW's are
fooling themselves and vice versa.
I just wanted to say that your reply was the only
sincere/true opinion in response to my post. You didnt assume
I was a HD employee, you were sincere and
communicative. Lowes should be proud to have you. not everyone
will agree with my opinions on HD or other companies
but at least you were honest. Thank you for making
sense. If I am to gain a new respect for Lowes it will
be from people like you rather than people like
smitty. Hopefully, I didnt rub everyone the wrong way-its
just my opinion.
I can tell you that I have heard
many, many great stories of what a great company the
Home Depot is and have become friends with several
employees. For the record: MooreDesign is my company name
for Desktop Publishing, Digital Imaging, and
Good investing to you.
Lowe�s is a Great Company!
I have worked
for Lowe�s in the MIS area for over eight years. I�m
just an �Average Joe� but I thought that I would take
this opportunity to set the record straight about the
company and its benefits. The company has great vision
with a very conservative managerial approach to
business. We have one of the best store distribution
centers in the industry. Each automated distribution
center can support over a hundred stores.
department is �second to none�, our new systems are saving
head count expenses and making us more productive as a
business. The benefits are excellent too� I�m just an
Analyst in MIS, but I cashed in stock options of over
$7000 last year. (1/3 of my total grant in less than
one year- we are getting these options every year).
Our HMO health plan is very cost effective and really
provides excellent care for my family.
have an Employee Saving and Investment Plan (ESIP or
you can call it a 401K) where the first $10
contributed (bi-weekly) is matched 100% and the additional
contributions are matched at 25%. You may invest up to 6
percent of base salary. Finally, we have the Employee
Stock Ownership Plan (ESOP) that has made millionaires
out of a lot of ordinary people. I received a 12%
contribution of base salary last year. Yes, we are rewarded
well, but we work hard for our company and earn our
compensation. It�s simply remarkable to me that a company could
offer all of these benefits and still stay competitive
with Home Depot.
Home Depot has an impressive
track record in the industry and is respected and
feared by many of the other home improvement chains.
However, over the last year or so, we proved that we could
build new stores in Atlanta (Backyard of Depot) and
Dallas and make a nice profit. Most people don�t realize
how big of a decision that was for Lowe�s to build
new stores in those areas.
There is plenty of
room for both our companies in the industry. Please
just respect the fact that Lowe�s is 25% employee
owned when you bash Lowe�s you insult me as an employee
owner. Thank you for the opportunity to set the record
I would like to hear from someone
(non-management) from Home Depot to compare the benefits. And if
anyone has MIS development skills, please send us your
resume. We are growing very rapidly...
Do you get your jollies by bashing Lowe's all the
time? First of all, it is perfectly conceivable for
someone with 20 years in to retire comfortably (in seven
figures), which is possible if he started working at LOW at
Comparing Lowes and HD is like comparing Coke
and Pepsi, Ford and CHevy, AT&T and MCI, etc. There
can be more than one winner in an industry. But
obviously you have some kind of complex where you can not
accept that. Go blab your ideas to someone who cares.