Lowes Companies
MKT/421 Marketing
April 12, 2012
Marketing Mix
Lowes was founded in 1946; Lowes has developed from a small hardwargon strain to the second leading home improvement retailer oecumenical and the 7th largest retailer in the United States (Lowes History, 2012). Lowes runs more than 1,745 stores in the United States, Canada, and Mexico. In 2011, Lowes authoritative numerous distinguished industry awards, including number 50 on the Fortune 500 list, and three- time winner of the Energy sense datum Excellence Award in Retail (Lowes, 2012).
Lowes sells a wide-range of home improvement products in its large, warehouse-style stores ranging from appliances to tools, paint, lumber, and nursery products. Lowes stocks 40,000 products in 16 categories (Lowes, 2012). Besides the products on hand they also purport hundreds of products by special order offering.
Lowes also offers initiation operate for some of their products as well. They offer installation services to more than 40 products. Examples of their installation products are appliances, bath, kitchen, plumbing, flooring, windows, doors, window treatments, lighting, and insulation among others (Lowes 2012).
The installation service targets various customers. Customers in the older group and also people who are not DIY (do- it- yourselfers) as well as women and people on the go, which have no time.
Lowes carries numerous brands in each product groups recomm exterminateing a variety of price points for customers. For instance, in the appliance group Lowes stocks a lower-end brand named Tappan. In this brand the price for appliances are more affordable for customer rather than a high- end brand. A good example, Lowes stocks a dish washer do by Tappan that sells for $229 and also sells a dishwasher made by Kitchen-Aid for $1,349 (Lowes website, 2012). This tactic targets various customers. Furthermore, Lowes has taking their pricing...If you want to get a full essay, order it on our website: Ordercustompaper.com
If you want to get a full essay, wisit our page: write my paper
No comments:
Post a Comment