Alejandro and Michelle discussed Lowe’s, a home improvement retail company that competes with Home Depot.
Marvin Ellison rose from modest means to become the president and CEO of Lowe’s in 2018 after previously being a CEO of JCPenney and a Home Depot executive vice president.
Lowe’s is an omnichannel retailer that caters to professionals, renters, and individual homeowners with building products, home decor, and more. The majority of Lowe’s customers are Do It Yourself types who comprise 75% of sales.
We discussed several financial aspects about Lowe’s that anyone evaluating this business should consider.
We also compared Lowe’s to Home Depot, both of which seem to offer competitive pricing with similar types of products.
It was really kind of Alejandro to present his company analysis with me, so thank you my friend!
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