Lowe’s Companies Inc Case Study
Lowe’s Companies, Inc. (NYSE: LOW) is an American chain of retail home improvement and appliance stores based in Mooresville, North Carolina, near Charlotte, North Carolina. As the second-largest home improvement retailer (behind The Home Depot) in the US, the company now serves more than 14 million customers a week in the United States and Canada.
Recently, your client Lowe’s has just entered the installation services business for their home improvement products. Their staff would go to the customer’s location for an additional fee and install the products bought at their retail stores. Currently the company has annual revenues of about $10 billion and the company had previously grown through some key acquisitions. Revenues are expected to grow at 10% every year.
They want their home installation services to be 20% of their total revenues in 5 years from now. To expand they are considering three options – Internally build capabilities by hiring people, start Franchises, Acquire other installation companies. What should they do to expand? You don’t have any other data or information
•Calculate how big the installation business should be each year for the next 5 years
•Determine how much of that business expansion should be attributed to Texas
•Decide which of the three options you recommend and why
•Develop an organization chart for your recommendation
Provide a PowerPoint to Propose a recommendation:
?You can only use seven slides to give me the results of your calculations and convince me your recommendation is the best.
?SEVEN SLIDES to organize your information, thoughts and recommendations. This means you must efficiently communicate the information to effectively convice me that your recommendation is the best.
?For every slide in excess of seven – I will deduct 10 points
?No font size less than 20
?Avoid long confusing sentences
?Feel free to use graphs, charts or symbols to convey your points
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