As a publicly held company since 1961, their stock is listed on the New York Stock Exchange (NYSE) under the symbol LOW. .
On April 1, 2002, many leading business publications released their 2001 corporate rankings. Among those ranked highly was Lowe's. It made it to the Fortune 100 top list of corporations by jumping 14 places up from the 2001 listing. It is a prestige to be included in this list of top performers, which is based on corporate revenue. Business Week magazine ranked Lowe's number eight in their annual Business Week 50 edition. The rankings are based on corporate sales growth, earnings growth, and total shareholder return. Forbes magazine listed Lowe's at number 77 on their Super 500 List. This annual list is a report on the 2001 financial performance of America's biggest corporations based on sales, profits, assets, and market value.
Aside from making money, the company is also giving money to the Lowe's Charitable and Educational Foundation. This tradition of contributions to community-based, grass-roots projects, started in 1957. Over the past seven years, the Foundation has donated more than $4 million to non-profit organizations in communities they serve. The issues supported by the Foundation include projects that enhance the natural environment and improvement of community areas. The funds, which are directed toward educational needs of the communities, are used as scholarships for individuals seeking technical/trade schooling.
We decided as a group that the financial analysis of these two companies would be beneficial to our understanding of financial reporting and accounting in general. We believe so, mainly because having the advantage of comparing two competitive entities, both of which are using similar accounting practices, allows us to analyze their financial statements through comparison and to predict their future successes and/or failures with a reasonable degree of certainty.
Home Depot is operating 1568 stores worldwide. ... MISSION/VALUES The Home Depot has been a destination for low-priced home improvement items with unparalleled selection for its customers. ... These values in particular cannot be lost in the bottom line of financials. ... COMPETITIVE ANALYSIS The number one competitor for The Home Depot is Lowe's Co. ... HOME DEPOT LOWE'S STRENGTHS 1. ...
Home Depot current mission- The Home Depot is in the home improvement business and our goal is to provide the highest level of service, the broadest selection of products and the most competitive prices. ... Home Depot current objectives • To maintain Home Depot's attitude of complete customer satisfaction. ... Top Management Home Depot was started when Bernard Marcus (Chairman), Arthur Blank (President), and Ronald Brill (Chief Financial Official) were fired from Daylin, Inc. over differences of opinion on control. ... Bureau of Economic Analysis predicts that by the year 200...
Office Depot operates under the names Office Depot, Viking Office Products, Viking Direct, 4Sure.com, Computers4Sure.com, The Office Place, and Sands & McDougal. ... In 2002, Office Depot plans to add 25 to 30 new retail stores. ... Office Depot acquired Viking Office Products in 1998 to expand their direct mail business. ... During 1999, Office Depot offered low priced units and more aggressive promotional programs on computer products, which resulted in strong sales for that year and lower margin percentages. ... Office Depot realizes that its most valuable asset is its workforce. ...
., ship-to-home, in-store pick-up, etc.). ... Penney relocated to its current home in Plano, Texas in 1992. ... Key initiatives include creating a more compelling customer proposition, revitalizing its center core, increasing home store productivity and maximizing omni-channel capabilities. ... Revitalizing its center core, and increasing home store productivity are both expected to generate incremental growth opportunities. ... Promotional strategies tailored to customers and value-driven products are expected to improve Home Store productivity. ...
