SlideShare a Scribd company logo
1 of 9
 Lowe's is laying off store workers who handle certain maintenance and product
assembly tasks as the home-improvement chain continues to cut costs in a bid to
boost profits.
 The chain confirmed that it is "moving to third-party assemblers and facility
services to allow Lowe’s store associates to spend more time on the sales floor
serving customers.”
 The number of layoffs is in the "thousands" and described the affected workers as
including workers who "put together grills, wheelbarrows and other products."
Lowe's is laying off thousands of store employees under
pressure to boost profits
 In 2018, the company announced plans to close 51 stores as new CEO
Marvin Ellison, the former head of J.C. Penney, began a campaign to
overhaul the company's operations.
 He also ordered the closure of the company's 99 Orchard Supply
Hardware stores.
Lowes Closes 51 Stores
 The newly built 1.2 million-square-foot distribution center is located at 4532 United Drive in southampton
Township, Franklin County at United Business Park. The facility will provide daily shipments of appliances and
other bulky items such as riding mowers, grills and patio furniture to Lowe’s cross-dock facilities to be
delivered to customers.
 The facility also will replenish inventory at more than 130 stores in Pennsylvania, Maryland, Delaware, Virginia,
West Virginia, New Jersey and New York. The new facility is part of the company’s plan to invest $1.7 billion
to transform its supply chain over the next five years.
 The company says it is building a network of bulk distribution centers and cross-dock facilities to coordinate
deliveries at a market level and reduce inventory at regional distribution centers and stores. Lowe’s says that
these changes will free up space and associates in stores and enable next-day delivery service for a broader
range of products.
Lowe's opens 1 million square foot central Pennsylvania
distribution center
 The LWS_USA_Lowe's Innovation Labs' Engineering team is
headquartered in Kirkland, WA
 The Lowe's Engineering team, headquartered in Kirkland, WA, is
responsible for delivering solutions that leverage emerging technologies to
solve customer and business problems. This includes building software
products using agile methodologies from a prototype in the concept
development stage all the way through the lifecycle to full-scale production
and integration back into the core enterprise.
Lowes Engineering Team
 “Pricing and assortment planning have been identified as strategic areas in
need of modernization. And when we find the right assets available to buy
and advance our strategy, we’ll do that.” – Seemantini Godbole, Lowe’s
Chief Information Officer
Lowe's purchased Boomerang Commerce's
pricing technology in May 2019
 In a move that may seem obvious in retrospect, Lowe’s has decided that its Iris
smart home platform is not in fact going to take off.
 Instead, the home improvement-focused retail chain is shutting the service down
on March 31st, 2019 and advising all Iris users to kindly avoid taking their no-
longer-functioning products back to a Lowe’s store.
 The company says it will however give you some money back in the form of a
prepaid Visa card that will help you “migrate to another smart home platform,”
reads the company’s website.
Lowe's shut down its Iris smart home platform in March
2019
 Lowe's named retail veteran Seemantini Godbole its CIO, effective Nov. 12,
2018.
 Godbole serves as Target's Senior Vice President of Digital and Marketing
Technology and was a leader in the company's digital transformation,
according to the announcement.
 She is credited with re-architecting Target's digital platforms, implementing
agile methodologies and introducing customer-facing technologies, like mobile
apps.
Lowe's chose Seemantini Godbole to fill the CIO
position
The Lowe’s TURBO report has dozens of pages of customer insights
compiled to help you sell and market more effectively.
FORTUNE 500 TURBO REPORTS
844.DATABAHN
844.328.2224 ext. 707
info@databahn.com
www.databahn.com
We help sales reps and marketers eliminate costly research time and
uncover new sales pipeline opportunities.
Please visit www.databahn.com/page/turbo to download a TURBO Fortune
500 company profile report (PDF).
We also build custom deep dive Fortune 1000 company profile reports.
Please contact us if you need help.

More Related Content

Similar to 7 keys to open doors at Lowe's

Halcyon Solutions "Statement of Qualifications"
Halcyon Solutions "Statement of Qualifications"Halcyon Solutions "Statement of Qualifications"
Halcyon Solutions "Statement of Qualifications"
BDMLincoln
 
Module 5 Strategic Issues of Information Technology.pptx
Module 5 Strategic Issues of Information Technology.pptxModule 5 Strategic Issues of Information Technology.pptx
Module 5 Strategic Issues of Information Technology.pptx
hello1506hello
 

Similar to 7 keys to open doors at Lowe's (20)

I Bytes Telecommunication & Media industry
I Bytes Telecommunication & Media industryI Bytes Telecommunication & Media industry
I Bytes Telecommunication & Media industry
 
Larry OConnor resume
Larry OConnor resume Larry OConnor resume
Larry OConnor resume
 
BIG Data & Hadoop Applications in Retail
BIG Data & Hadoop Applications in RetailBIG Data & Hadoop Applications in Retail
BIG Data & Hadoop Applications in Retail
 
Timereaction Corporate Profile
Timereaction Corporate ProfileTimereaction Corporate Profile
Timereaction Corporate Profile
 
Nexys information deck
Nexys information deckNexys information deck
Nexys information deck
 
Embedded Analytics in CRM and Marketing
Embedded Analytics in CRM and Marketing Embedded Analytics in CRM and Marketing
Embedded Analytics in CRM and Marketing
 
Mobile order management
Mobile order managementMobile order management
Mobile order management
 
Halcyon Solutions "Statement of Qualifications"
Halcyon Solutions "Statement of Qualifications"Halcyon Solutions "Statement of Qualifications"
Halcyon Solutions "Statement of Qualifications"
 
Logicalis annual review 2013
Logicalis annual review 2013Logicalis annual review 2013
Logicalis annual review 2013
 
Build a Case for BI with ROI Figures
Build a Case for BI with ROI FiguresBuild a Case for BI with ROI Figures
Build a Case for BI with ROI Figures
 
R&D Comes to Services: Software House's Pathbreaking Experiments
R&D Comes to Services: Software House's Pathbreaking ExperimentsR&D Comes to Services: Software House's Pathbreaking Experiments
R&D Comes to Services: Software House's Pathbreaking Experiments
 
The 7 Traits of Successful Digital Businesses
The 7 Traits of Successful Digital BusinessesThe 7 Traits of Successful Digital Businesses
The 7 Traits of Successful Digital Businesses
 
L'Oreal MDM Story
L'Oreal MDM StoryL'Oreal MDM Story
L'Oreal MDM Story
 
Cg Ryan Design 050109
Cg Ryan Design 050109Cg Ryan Design 050109
Cg Ryan Design 050109
 
Home depot Strategic Report
Home depot Strategic ReportHome depot Strategic Report
Home depot Strategic Report
 
Presented digital transformation 20181011 new technology expo matt allen
Presented  digital transformation 20181011 new technology expo matt allenPresented  digital transformation 20181011 new technology expo matt allen
Presented digital transformation 20181011 new technology expo matt allen
 
Klipfolio Partner Spotlight Series
Klipfolio Partner Spotlight SeriesKlipfolio Partner Spotlight Series
Klipfolio Partner Spotlight Series
 
Excelloite Private Limited - Company Profile
Excelloite Private Limited - Company ProfileExcelloite Private Limited - Company Profile
Excelloite Private Limited - Company Profile
 
Module 5 Strategic Issues of Information Technology.pptx
Module 5 Strategic Issues of Information Technology.pptxModule 5 Strategic Issues of Information Technology.pptx
Module 5 Strategic Issues of Information Technology.pptx
 
T-Byte Agile & AI Operations March 2021
T-Byte Agile & AI Operations March 2021T-Byte Agile & AI Operations March 2021
T-Byte Agile & AI Operations March 2021
 

More from databahn

More from databahn (20)

Manulife Org Chart & Sales Intelligence Presentation.pptx
Manulife Org Chart & Sales Intelligence Presentation.pptxManulife Org Chart & Sales Intelligence Presentation.pptx
Manulife Org Chart & Sales Intelligence Presentation.pptx
 
2020 Fortune 1000 list factoids and findings
2020 Fortune 1000 list factoids and findings2020 Fortune 1000 list factoids and findings
2020 Fortune 1000 list factoids and findings
 
Fortune 1000 companies' response to covid 19
Fortune 1000 companies' response to covid 19Fortune 1000 companies' response to covid 19
Fortune 1000 companies' response to covid 19
 
Industries and Fortune 1000 companies thriving during the global pandemic
Industries and Fortune 1000 companies thriving during the global pandemicIndustries and Fortune 1000 companies thriving during the global pandemic
Industries and Fortune 1000 companies thriving during the global pandemic
 
7 keys to open doors at Cigna
7 keys to open doors at Cigna7 keys to open doors at Cigna
7 keys to open doors at Cigna
 
7 keys to open doors at Goldman Sachs
7 keys to open doors at Goldman Sachs7 keys to open doors at Goldman Sachs
7 keys to open doors at Goldman Sachs
 
7 keys to open doors at Pfizer
7 keys to open doors at Pfizer7 keys to open doors at Pfizer
7 keys to open doors at Pfizer
 
7 keys to open doors at Sysco
7 keys to open doors at Sysco7 keys to open doors at Sysco
7 keys to open doors at Sysco
 
7 keys to open doors at Caterpillar
7 keys to open doors at Caterpillar7 keys to open doors at Caterpillar
7 keys to open doors at Caterpillar
 
7 keys to open doors at Walt Disney
7 keys to open doors at Walt Disney7 keys to open doors at Walt Disney
7 keys to open doors at Walt Disney
 
7 keys to open doors at PepsiCo
7 keys to open doors at PepsiCo7 keys to open doors at PepsiCo
7 keys to open doors at PepsiCo
 
7 keys to open doors at FedEx
7 keys to open doors at FedEx7 keys to open doors at FedEx
7 keys to open doors at FedEx
 
7 keys to open doors at Procter & Gamble
7 keys to open doors at Procter & Gamble7 keys to open doors at Procter & Gamble
7 keys to open doors at Procter & Gamble
 
7 keys to open doors at MetLife
7 keys to open doors at MetLife7 keys to open doors at MetLife
7 keys to open doors at MetLife
 
7 keys to open doors at UPS
7 keys to open doors at UPS7 keys to open doors at UPS
7 keys to open doors at UPS
 
7 keys to open doors at Wells Fargo
7 keys to open doors at Wells Fargo7 keys to open doors at Wells Fargo
7 keys to open doors at Wells Fargo
 
7 keys to open doors at Microsoft
7 keys to open doors at Microsoft7 keys to open doors at Microsoft
7 keys to open doors at Microsoft
 
7 keys to open doors at Johnson & Johnson
7 keys to open doors at Johnson & Johnson7 keys to open doors at Johnson & Johnson
7 keys to open doors at Johnson & Johnson
 
7 keys to open doors at Starbucks
7 keys to open doors at Starbucks7 keys to open doors at Starbucks
7 keys to open doors at Starbucks
 
7 keys to open doors at Valero Energy
7 keys to open doors at Valero Energy7 keys to open doors at Valero Energy
7 keys to open doors at Valero Energy
 

Recently uploaded

Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...
Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...
Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...
Spesialis Kandungan Resmi BPOM
 
obat pelancar haid di apotik dan harganya
obat pelancar haid di apotik dan harganyaobat pelancar haid di apotik dan harganya
obat pelancar haid di apotik dan harganya
infoobataborsi24
 
Fungible Tokens on Bitcoin: Runes Protocol
Fungible Tokens on Bitcoin: Runes ProtocolFungible Tokens on Bitcoin: Runes Protocol
Fungible Tokens on Bitcoin: Runes Protocol
nehapardhi711
 
How To Structure Your Web3 Website For Max Visibility In The Bull Market🚀
How To Structure Your Web3 Website For Max Visibility In The Bull Market🚀How To Structure Your Web3 Website For Max Visibility In The Bull Market🚀
How To Structure Your Web3 Website For Max Visibility In The Bull Market🚀
Victoria Olsina
 
Licença Lotter Pro - Conheça o Certificado Oficial da Licença Lotter Pro.pdf
Licença Lotter Pro - Conheça o Certificado Oficial da Licença Lotter Pro.pdfLicença Lotter Pro - Conheça o Certificado Oficial da Licença Lotter Pro.pdf
Licença Lotter Pro - Conheça o Certificado Oficial da Licença Lotter Pro.pdf
Lotter Pro Brasil
 
WA | 0821-8888-6412 | Apotik Jual Obat Aborsi Cytotec Asli Di Sampang
WA | 0821-8888-6412 | Apotik Jual Obat Aborsi Cytotec Asli Di SampangWA | 0821-8888-6412 | Apotik Jual Obat Aborsi Cytotec Asli Di Sampang
WA | 0821-8888-6412 | Apotik Jual Obat Aborsi Cytotec Asli Di Sampang
infoobataborsi24
 

Recently uploaded (20)

Being a PMM with a multi-product portfolio - Product Marketing Summit
Being a PMM with a multi-product portfolio - Product Marketing SummitBeing a PMM with a multi-product portfolio - Product Marketing Summit
Being a PMM with a multi-product portfolio - Product Marketing Summit
 
Japanese Sauna Hat Trends - Totonoete Inc.
Japanese Sauna Hat Trends - Totonoete Inc.Japanese Sauna Hat Trends - Totonoete Inc.
Japanese Sauna Hat Trends - Totonoete Inc.
 
Why Digital Marketing Important for our Business.pdf
Why Digital Marketing Important for our Business.pdfWhy Digital Marketing Important for our Business.pdf
Why Digital Marketing Important for our Business.pdf
 
Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...
Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...
Klinik Jual Obat Aborsi Di Bandung wa 0851/7541/5434 Misoprostol 200mcg Pfize...
 
ATRIUM GAMING : SLOT GACOR MUDAH MENANG TERBARU
ATRIUM GAMING : SLOT GACOR MUDAH MENANG TERBARUATRIUM GAMING : SLOT GACOR MUDAH MENANG TERBARU
ATRIUM GAMING : SLOT GACOR MUDAH MENANG TERBARU
 
Marketing Automation Insights - Unlocking Success
Marketing Automation Insights - Unlocking SuccessMarketing Automation Insights - Unlocking Success
Marketing Automation Insights - Unlocking Success
 
The Indian Ocean Tsunami of 2004 Remembering a Catastrophe.pptx
The Indian Ocean Tsunami of 2004 Remembering a Catastrophe.pptxThe Indian Ocean Tsunami of 2004 Remembering a Catastrophe.pptx
The Indian Ocean Tsunami of 2004 Remembering a Catastrophe.pptx
 
obat pelancar haid di apotik dan harganya
obat pelancar haid di apotik dan harganyaobat pelancar haid di apotik dan harganya
obat pelancar haid di apotik dan harganya
 
Mastering Email Marketing - A Comprehensive Guide.pdf
Mastering Email Marketing - A Comprehensive Guide.pdfMastering Email Marketing - A Comprehensive Guide.pdf
Mastering Email Marketing - A Comprehensive Guide.pdf
 
Fungible Tokens on Bitcoin: Runes Protocol
Fungible Tokens on Bitcoin: Runes ProtocolFungible Tokens on Bitcoin: Runes Protocol
Fungible Tokens on Bitcoin: Runes Protocol
 
The Future Normal - DIGGIT - Henry Coutinho-Mason.pdf
The Future Normal - DIGGIT - Henry Coutinho-Mason.pdfThe Future Normal - DIGGIT - Henry Coutinho-Mason.pdf
The Future Normal - DIGGIT - Henry Coutinho-Mason.pdf
 
Impacts Of Smart Watch & Wearable Technology On Daily Life
Impacts Of Smart Watch & Wearable Technology On Daily LifeImpacts Of Smart Watch & Wearable Technology On Daily Life
Impacts Of Smart Watch & Wearable Technology On Daily Life
 
Tea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdf
Tea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdfTea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdf
Tea Gobec, Kako pluti po morju tehnoloških sprememb, Innovatif.pdf
 
Niche Analysis for Client Outreach Outside Marketplace.pptx
Niche Analysis for Client Outreach Outside Marketplace.pptxNiche Analysis for Client Outreach Outside Marketplace.pptx
Niche Analysis for Client Outreach Outside Marketplace.pptx
 
Webinar: What the Hell is Legitimate Interest?
Webinar: What the Hell is Legitimate Interest?Webinar: What the Hell is Legitimate Interest?
Webinar: What the Hell is Legitimate Interest?
 
Beyond the Basics: Enhanced Strategies for Next-Level Advertising
Beyond the Basics: Enhanced Strategies for Next-Level AdvertisingBeyond the Basics: Enhanced Strategies for Next-Level Advertising
Beyond the Basics: Enhanced Strategies for Next-Level Advertising
 
How To Structure Your Web3 Website For Max Visibility In The Bull Market🚀
How To Structure Your Web3 Website For Max Visibility In The Bull Market🚀How To Structure Your Web3 Website For Max Visibility In The Bull Market🚀
How To Structure Your Web3 Website For Max Visibility In The Bull Market🚀
 
Licença Lotter Pro - Conheça o Certificado Oficial da Licença Lotter Pro.pdf
Licença Lotter Pro - Conheça o Certificado Oficial da Licença Lotter Pro.pdfLicença Lotter Pro - Conheça o Certificado Oficial da Licença Lotter Pro.pdf
Licença Lotter Pro - Conheça o Certificado Oficial da Licença Lotter Pro.pdf
 
WA | 0821-8888-6412 | Apotik Jual Obat Aborsi Cytotec Asli Di Sampang
WA | 0821-8888-6412 | Apotik Jual Obat Aborsi Cytotec Asli Di SampangWA | 0821-8888-6412 | Apotik Jual Obat Aborsi Cytotec Asli Di Sampang
WA | 0821-8888-6412 | Apotik Jual Obat Aborsi Cytotec Asli Di Sampang
 
SocialMedia Marketing Plan for TheSparksFoundation
SocialMedia Marketing Plan for TheSparksFoundationSocialMedia Marketing Plan for TheSparksFoundation
SocialMedia Marketing Plan for TheSparksFoundation
 

7 keys to open doors at Lowe's

  • 1.
  • 2.  Lowe's is laying off store workers who handle certain maintenance and product assembly tasks as the home-improvement chain continues to cut costs in a bid to boost profits.  The chain confirmed that it is "moving to third-party assemblers and facility services to allow Lowe’s store associates to spend more time on the sales floor serving customers.”  The number of layoffs is in the "thousands" and described the affected workers as including workers who "put together grills, wheelbarrows and other products." Lowe's is laying off thousands of store employees under pressure to boost profits
  • 3.  In 2018, the company announced plans to close 51 stores as new CEO Marvin Ellison, the former head of J.C. Penney, began a campaign to overhaul the company's operations.  He also ordered the closure of the company's 99 Orchard Supply Hardware stores. Lowes Closes 51 Stores
  • 4.  The newly built 1.2 million-square-foot distribution center is located at 4532 United Drive in southampton Township, Franklin County at United Business Park. The facility will provide daily shipments of appliances and other bulky items such as riding mowers, grills and patio furniture to Lowe’s cross-dock facilities to be delivered to customers.  The facility also will replenish inventory at more than 130 stores in Pennsylvania, Maryland, Delaware, Virginia, West Virginia, New Jersey and New York. The new facility is part of the company’s plan to invest $1.7 billion to transform its supply chain over the next five years.  The company says it is building a network of bulk distribution centers and cross-dock facilities to coordinate deliveries at a market level and reduce inventory at regional distribution centers and stores. Lowe’s says that these changes will free up space and associates in stores and enable next-day delivery service for a broader range of products. Lowe's opens 1 million square foot central Pennsylvania distribution center
  • 5.  The LWS_USA_Lowe's Innovation Labs' Engineering team is headquartered in Kirkland, WA  The Lowe's Engineering team, headquartered in Kirkland, WA, is responsible for delivering solutions that leverage emerging technologies to solve customer and business problems. This includes building software products using agile methodologies from a prototype in the concept development stage all the way through the lifecycle to full-scale production and integration back into the core enterprise. Lowes Engineering Team
  • 6.  “Pricing and assortment planning have been identified as strategic areas in need of modernization. And when we find the right assets available to buy and advance our strategy, we’ll do that.” – Seemantini Godbole, Lowe’s Chief Information Officer Lowe's purchased Boomerang Commerce's pricing technology in May 2019
  • 7.  In a move that may seem obvious in retrospect, Lowe’s has decided that its Iris smart home platform is not in fact going to take off.  Instead, the home improvement-focused retail chain is shutting the service down on March 31st, 2019 and advising all Iris users to kindly avoid taking their no- longer-functioning products back to a Lowe’s store.  The company says it will however give you some money back in the form of a prepaid Visa card that will help you “migrate to another smart home platform,” reads the company’s website. Lowe's shut down its Iris smart home platform in March 2019
  • 8.  Lowe's named retail veteran Seemantini Godbole its CIO, effective Nov. 12, 2018.  Godbole serves as Target's Senior Vice President of Digital and Marketing Technology and was a leader in the company's digital transformation, according to the announcement.  She is credited with re-architecting Target's digital platforms, implementing agile methodologies and introducing customer-facing technologies, like mobile apps. Lowe's chose Seemantini Godbole to fill the CIO position
  • 9. The Lowe’s TURBO report has dozens of pages of customer insights compiled to help you sell and market more effectively. FORTUNE 500 TURBO REPORTS 844.DATABAHN 844.328.2224 ext. 707 info@databahn.com www.databahn.com We help sales reps and marketers eliminate costly research time and uncover new sales pipeline opportunities. Please visit www.databahn.com/page/turbo to download a TURBO Fortune 500 company profile report (PDF). We also build custom deep dive Fortune 1000 company profile reports. Please contact us if you need help.