How Lowe's Is Competing With Home Depot

  Рет қаралды 254,332

CNBC

CNBC

Күн бұрын

The American home is undergoing a makeover during the Covid-19 pandemic, and home improvement giant Lowe’s is reaping the benefits from it.
Since the start of the pandemic, Lowe’s has five straight quarters of double-digit revenue growth on a quarter-over-quarter basis. The company’s bottom line has also gotten a boost. On Aug. 18, the company reported a second-quarter profit of $3.02 billion, or $4.25 per share. That’s up 6.7% on a year-over-year basis from $2.83 billion.
“More so than anytime in our life the home is being reimagined,” Lowe’s CEO Marvin Ellison said September 15, 2020. “The home is multi-purpose more so than ever, it’s a work-from-home space, it’s a homeschooling space and its a predominant space for entertainment and recreation.”
But with consumer discretionary spending shifting toward entertainment and travel as Covid restrictions ease, will Lowe’s and rival Home Depot be able to maintain their momentum? And what happens to the do-it-yourself home improvement market once the pandemic subsides?
Watch the video to find out what’s next for Lowe’s.
Chapters:
00:00 - Intro
01:58 - History
05:20 - The home improvement market
10:04 - Focus on home professionals
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The DIY Boom And The Rise Of Lowe’s

Пікірлер: 474
@Pat5843
@Pat5843 2 жыл бұрын
As a current employee, Lowes is MISERABLE to work at. It's bleeding workers like crazy. Average tenure at the few stores I've been at has been below 2 years. A good chunk of that is horrible decision making from Ellison himself. Good short term results for share holders, but our ability to service customers when we are so poorly staffed will lead to long term customer abandonment. Corporate doesn't care.
@chicofresh4396
@chicofresh4396 2 жыл бұрын
I work at lowes to store 2774. I loved it great pay & benefits. A lot of overtime. The old employees are so entitled.
@HaveRandomQuestions
@HaveRandomQuestions Жыл бұрын
Im so glad i left lowes(cabinet specialist here). Its gotten more and more stressful. and staffing is horrible. i was paid $17/hr + a rigged bonus system. I'll go stress somewhere else for more money.. no more IRPs, no more AP4me, no more safety walks, no more customers calling with issues to complain how horrible our 3rd party delivery is. no more covering multiple departments, and no more going behind night stockers... the company is going downhill..
@Pat5843
@Pat5843 Жыл бұрын
@@HaveRandomQuestions I wish you happiness brother/sister of lowes
@bustercherry2054
@bustercherry2054 Жыл бұрын
That's really any retail, its the stock market to blame its all about the profit and makes the company soul-less.
@EvolutionIX219
@EvolutionIX219 Ай бұрын
​​@@chicofresh4396great pay? Lmao Lowes only allows OT two to three months out of the year.
@kermitefrog64
@kermitefrog64 2 жыл бұрын
What I like about Lowes is that you can get help. Home Depot does not even acknowledge that you are a customer. You could die on the floor and they wouldn't even notice.
@Tony-bp1nr
@Tony-bp1nr 7 ай бұрын
If there is help. I go to Lowes and told one employee covering 4 departments alone.
@XxXenosxX
@XxXenosxX 2 жыл бұрын
The secret? Have only one cashier regardless of customer volume.
@molinaafo
@molinaafo 2 жыл бұрын
Ha for real. What is that about?
@travispepe553
@travispepe553 5 ай бұрын
@@molinaafocutting costs 😅 the stores only required 3 cashiers for the whole store one in lumber, self checkout and the other in outside garden
@Euorgos
@Euorgos 2 жыл бұрын
It's impossible to get someone to help you at Lowes. There's usually one employee trying to handle a bunch of departments, without knowing anything about anything, except for how to sign you up for a credit card.
@johnedwardjones999
@johnedwardjones999 2 жыл бұрын
My experience during PANDEMIC, every store had lousy service. People calling off, quit or were sick....Talked to local Walmart Mgr..Whole departments not staffed. Out of 15 check-out lanes there were days she could only open 3.
@Happy32153
@Happy32153 2 жыл бұрын
Would you like to sign up for my credit card?
@johniii8147
@johniii8147 2 жыл бұрын
No different at Home Depot. It's what you get with low pay scales.
@ryanroberts1104
@ryanroberts1104 2 жыл бұрын
You should not be asking lowes employees for advice. They worked at McDonalds yesterday. They know nothing about what they sell or how it works. There are no electricians, plumbers, carpenters, etc working at Lowes. The humans are for basic grunt labor and nothing else.
@SandcastleDreams
@SandcastleDreams 2 жыл бұрын
That sounds more like Home Depot than Lowe's.
@121476
@121476 2 жыл бұрын
One thing I don't like about Lowe's is their website is often wrong about where a product is located in the store. It's incorrect about 75% of the time. If they fixed this, I would go to Lowe's more often instead of Home Depot
@pacmandro5424
@pacmandro5424 2 жыл бұрын
yes lowes online system is the worse they need to spend the money to get new upgraded system for online
@kingofkings2934
@kingofkings2934 2 жыл бұрын
I just call ahead and thell have it at the return desk when I get there.
@richardmarquez7349
@richardmarquez7349 2 жыл бұрын
I still wouldn't go to lowes even if they paid for all my items
@SandcastleDreams
@SandcastleDreams 2 жыл бұрын
I've never had that problem in Orlando. Must be the moron that works at that particular store.
@ji94552
@ji94552 2 жыл бұрын
Lowe’s in my area is one of the cleanest and the most organized stores I’ve ever visited.
@nolimitz7890
@nolimitz7890 2 жыл бұрын
It's clean because no one shops there
@johanizquierdo9111
@johanizquierdo9111 2 жыл бұрын
@@nolimitz7890 lmao just diy moms
@sachin2842
@sachin2842 2 жыл бұрын
@@nolimitz7890 😆
@SquiggleSquared
@SquiggleSquared 2 жыл бұрын
Can’t have home improvement if young people can’t buy a home 🤷‍♀️🤷🏽‍♂️
@XxstuntkidXx
@XxstuntkidXx 2 жыл бұрын
Get a job
@LS-ys8nr
@LS-ys8nr Жыл бұрын
@@XxstuntkidXx not many jobs that pay a million, that’s where housing prices are at where I’m from
@bustercherry2054
@bustercherry2054 Жыл бұрын
luckily i have a house from 1983, however new home prices in my area are starting at 500k-700k.
@randyrobineau2699
@randyrobineau2699 2 жыл бұрын
Neither Home Depot or Lowe's knows who they are selling to. They can both say selling to pros is better than selling to non-pros. But truthfully pros don't shop at Big Box Stores for their big boy orders. I personally tried shopping with both of them and they both couldn't handle it. Everything at these places takes forever to get their pro desk worker to understand what you're trying to order. Most of the time it's like they just go in circles telling you they know what you mean but they really don't. Then after hours and hours go by you end up with just some of the things you need. Pros can't waste their time with that. Realistically a lot of building products won't sell to or through HD or Lowe's. So your left with just mid-grade or low end building materials to pick from. This is fine for homeowners and people trying to make a buck in side work. These stores need to focus more on pushing savings on to all their shoppers and stop pushing their so called savings through their credit cards. Also, Lowe's needs to fire their CEO, he's costing them way to much money and is tearing this business apart from the inside out.
@Pernection
@Pernection 2 жыл бұрын
That's why there's HD Supply
@arkcantoscreampsnpc7274
@arkcantoscreampsnpc7274 2 жыл бұрын
I can’t say specifics because I’m pretty sure I’m still bound by my NDA even post employment, but I can guarantee you that THD makes more then 5x the money off “pros” then they do off private buyers
@randyrobineau2699
@randyrobineau2699 2 жыл бұрын
@@arkcantoscreampsnpc7274 One of my points is that HD can't tell what they're selling or how much money is being spent by a non-pro unless that shopper is tied in with HD credit card. Example - If the so called pro spends 50-80k a year but a non-pro many spend 100k without HD even knowing because none of those purchases was with a credit card. Now if you factor in the number of non-pro shoppers vs so called pro shoppers. Also, the so called pros buys with discounts and non-pro gets nothing. I can guarantee more money is spent in HD by all the non-pro shoppers than by all the so called pros shoppers.
@arkcantoscreampsnpc7274
@arkcantoscreampsnpc7274 2 жыл бұрын
@@randyrobineau2699 I can’t discuss the specific program they use but I can say they track all “pro” buyers through a system and all other purchases are non-pro, that’s how they get the difference in profit. I assure you that at the profit margins I saw when I worked there they are making enough money to not care about any meaningful change
@HJima
@HJima 2 жыл бұрын
bruh, Millenials aren't getting into home improvement diy cause they can't even afford a home in an inflated housing market
@jasonrandom372
@jasonrandom372 2 жыл бұрын
That and even if they did manage to purchase a house of their own they are constantly nagged at or need help with home improvement from their parents the baby boomers.
@elvism684
@elvism684 2 жыл бұрын
Most millenials can’t even do diy stuff.
@samsonsoturian6013
@samsonsoturian6013 2 жыл бұрын
I was a security guard at Menards during quarantine. It was like Black Friday every day for weeks as people temporarily out of work found productive things to do.
@veganpotterthevegan
@veganpotterthevegan 2 жыл бұрын
I bet 80% of the things they bought are still in their garage and largely returnable condition😂
@samsonsoturian6013
@samsonsoturian6013 2 жыл бұрын
@@veganpotterthevegan I'd say more like 25%
@veganpotterthevegan
@veganpotterthevegan 2 жыл бұрын
@@samsonsoturian6013 A lot of increased sales came from actual contractors. I have doubts the regular buyers actually had a 75% rate of purchase to use. But plenty tried, gave up, and hired out the work as many of my contractor friends can attest. They've never had so many projects where materials were already on site🙃
@samsonsoturian6013
@samsonsoturian6013 2 жыл бұрын
@@veganpotterthevegan except you wouldn't know about home improvement they finished themselves
@veganpotterthevegan
@veganpotterthevegan 2 жыл бұрын
@@samsonsoturian6013 Sure, just as you wouldn't know exactly how much stuff was simply returned while you weren't working
@cliffordb47
@cliffordb47 2 жыл бұрын
I live in Houston Texas Home Depot to me is for contractors Lowe's if you do it yourselfers,Lowes the employees are way more helpful, Home Depot they see you coming they look the other way that's just my experience
@silverpoof
@silverpoof 2 жыл бұрын
I live in H town also. I agree with you 100 percent.
@Keyno77
@Keyno77 2 жыл бұрын
What a coincidence lowes CEO Marvin Ellison used to be one of the guys at board of directors of home depot, I remember when I was in college working there part time that he talked on a lot of training videos. I've heard rumors both stores are owned by same owner.
@rell660
@rell660 2 жыл бұрын
This is what large companies do to avoid future monopoly claims. No surprise if other big owners are getting a piece of Lowe's pie.
@tcidolfan
@tcidolfan Жыл бұрын
I live in Benton Harbor, Michigan and we have both Lowe's and Home Depot. Now if you were to ask me which one my family shops the most, for trash bags, we go to Home Depot. For most everything else, we're a Lowe's family. Tools, appliances, etc. Just last week I've picked up four packs of lawn bags from LOWE'S!!!
@Kenxclout
@Kenxclout 2 жыл бұрын
How many Lowe’s can Rob Lowe rob if Rob Lowe could rob Lowe’s 🤔
@netsai61
@netsai61 2 жыл бұрын
Rob Lowe could rob as many Lowe's if Rob Lowe wanted to rob Lowes
@mechajay3358
@mechajay3358 2 жыл бұрын
The world may never know.
@TheRealBizWiz
@TheRealBizWiz 2 жыл бұрын
*I really like going to Lowe’s.* ❤️🙏🏼 The shopping experience is much better. They’re the perfect alternative to Home Depot. It’s what Target is to Walmart.
@becazapatero2477
@becazapatero2477 2 жыл бұрын
Wow that is a perfect comparison Bizzy! Lol Target = Lowe’s Walmart = Home Depot 😄 Perfect!
@LeTrashPanda
@LeTrashPanda 2 жыл бұрын
We got a new stove when ours decided to die (first time buying a large appliance online) and they were great & very fast and efficient (no damage or issues)
@SandcastleDreams
@SandcastleDreams 2 жыл бұрын
I wouldn't know about Target. I've shopped there maybe 10 times in the past 30 years, but Lowe's is better.
@TEXASBOYZ-mu4yo
@TEXASBOYZ-mu4yo 2 жыл бұрын
I quit going to lowe's because they quit caring Milwaukee.
@OrlValdez
@OrlValdez 2 жыл бұрын
Here in Mexico Lowe's couldn't compete with HD and prices were too expensive. That's the reason they left my country 2 years ago .
@alexroberto6353
@alexroberto6353 2 жыл бұрын
Anybody remember Scotty's or Builder's Square?
@SandcastleDreams
@SandcastleDreams 2 жыл бұрын
I loved Builder's Square and they were always packed so I can't understand why they closed their store!
@nukkaza4863
@nukkaza4863 2 жыл бұрын
We had a Lowe’s in town but it closed down, HD still there thou, so HD
@bksst
@bksst 2 жыл бұрын
I called Lowe's and Home Depot to get an estimate on patio doors... The guy from Lowe's didn't even know how to hold the measuring tape (included the holder when measuring) and the estimate was a picture from his cellphone of the MS-DOS looking program that Lowe's uses for estimates. That in addition to orders constantly being canceled whenever they have a decent sale because their inventory is absurdly outdated summarizes how terrible Lowe's is.
@shujixiesi
@shujixiesi 2 жыл бұрын
haha MS-DOS. bro your comment cause nostalgia. DOS is not a bad computer system although
@travispepe553
@travispepe553 5 ай бұрын
@@shujixiesiyeah it’s called genesis 😂 and legit is a DOS terminal
@dregenius
@dregenius 2 ай бұрын
​@@travispepe553We're getting there... Genesis runs on an IBM iSeries mainframe, the TN3270 terminals used to access it only *look* like DOS, but it's in fact, some flavor of *very* esoteric IBM UNIX or mainframe OS. In all honesty, Genesis is (or was, as they've since implemented much worse "web 2.0" applications to replace Genesis) a very capable selling and order management system. The level of line-item specifications for things like special order doors and windows, is, from what I understand, considerably better than the systems HomelessDeathspot uses. Now the new Indian-designed system Lowes is trying to replace Genesis with... that's hot garbage.
@userasdf1546
@userasdf1546 2 жыл бұрын
The reason Lowe's is still in business? Because I go there 17 times a day when I'm working on a simple house project. The only reason I go there is because they are right next to my house
@chhayabenpatel1550
@chhayabenpatel1550 2 жыл бұрын
For real though lol 😂
@johniii8147
@johniii8147 2 жыл бұрын
You need better planning.
@shawncirignano4876
@shawncirignano4876 2 жыл бұрын
Lol
@dirtysouthclimbing
@dirtysouthclimbing 2 жыл бұрын
They need to held accountable for their contribution to climate change. Competition with Home Depot is killing our planet. More,more,more
@jordanbertagnolli7388
@jordanbertagnolli7388 2 жыл бұрын
"Pet infestation" 🤣🤣 1:38
@jlc7300
@jlc7300 2 жыл бұрын
he meant pest
@dayz8866
@dayz8866 2 жыл бұрын
Just saying my opinion before anyone kicks off.. I dont like the narrator in this episode.
@DarraghWalsh
@DarraghWalsh 2 жыл бұрын
he's saying every word individually like its a full sentence
@dayz8866
@dayz8866 2 жыл бұрын
@@DarraghWalsh Exactly and doesn't make the video more enjoyable. This has a TikTok stock trader advice video feel about it, not CNBC.
@webdev217
@webdev217 2 жыл бұрын
Same opinion here Michael
@octowboy
@octowboy 2 жыл бұрын
Always have to drive to both as they both don't have everything I need. like home depot dosent sell shluter for tile but they sell tile..
@davidruiz8689
@davidruiz8689 2 жыл бұрын
I went to a Lowe’s one time and asked where the screws were and the lady told me I should know since I’m Hispanic and walked away. Their costumer service is horrible in Waco Tx
@richardmarquez7349
@richardmarquez7349 2 жыл бұрын
Dang you got screwed
@Dipeness
@Dipeness 2 жыл бұрын
Could someone explain what's a Dealer-owned store mentioned at 5:17
@mazibukomail
@mazibukomail 2 жыл бұрын
Not owned by Lowe's Company Inc. and owned by franchisees instead.
@Reddylion
@Reddylion 2 жыл бұрын
Interesting, Good healthy competition is always good for me as end user for personal home etc.
@zr2guzman749
@zr2guzman749 2 жыл бұрын
Also Lowe’s is giving more money for Home Depot employees to go over.
@TheMrlittlemack
@TheMrlittlemack 2 жыл бұрын
yup making $16.25 at hd, lowes giving me $22 for same job :S
@KTPurdy
@KTPurdy 2 жыл бұрын
You mean Home Cheapo?
@shortchubbyneckbeard1681
@shortchubbyneckbeard1681 2 жыл бұрын
@@TheMrlittlemack for what position, super curious?
@jlc7300
@jlc7300 2 жыл бұрын
@@shortchubbyneckbeard1681 I was just offered $17. an hour at Lowes for blinds dept.
@shortchubbyneckbeard1681
@shortchubbyneckbeard1681 2 жыл бұрын
Do you live in a city + have related work history
@Clatham92
@Clatham92 2 жыл бұрын
I live in the southeast. My experience with Lowe's in my area is lackluster. They are well organized and clean but the customer service is horrendous. I will gladly go to Home Depot over Lowe's any day. They treat you like an actual person at HD. Lowes employees are similar to Walmart employees, they want to be done talking to you ASAP.
@Daddy_Dirk_Diggler
@Daddy_Dirk_Diggler 2 жыл бұрын
I also live in the southeast and my experience with multiple Home Depot locations customer service has been downright terrible.
@deanwilliam459
@deanwilliam459 2 жыл бұрын
Omg I thought it was just our store.
@Jhawk2tall
@Jhawk2tall 2 жыл бұрын
One thing is for true, Lowes does not know how to do customer service
@adampaulsen6211
@adampaulsen6211 Жыл бұрын
I remember when I was a kid Lowe's Hardware in Boone, NC used to sell Super Nintendo Video games for variable prices behind locked glass cases near the front of the store. My mom and dad don't remember but I do. Yoshi's Cookie was selling for at least $40. .
@db849
@db849 2 жыл бұрын
Lowe’s don’t got Milwaukee…
@elchapojr6219
@elchapojr6219 2 жыл бұрын
I use to be a Lowe’s customer but bad customer service at my location and Home Dept is much better for me.
@melchaos5288
@melchaos5288 2 жыл бұрын
Thanks to KZbin DIY videos, it helped Lowe's get sales, every time I go and ask for help or guidance, they either don't know or the employees give you attitude. Home depot is my go-to always.
@pisces031372aj
@pisces031372aj 2 жыл бұрын
Lowes is for do it yourselfers. Home depot is more contractor grade. Plus my experience at home depot is a lot of the guys and gals who work there know what they're talking about. Where I live, a lot of the guys who retire from the mills like carpenters and electricians will go work there.
@randomsub1976
@randomsub1976 Жыл бұрын
Lol weird i kinda have the same story but about home depot...i believe they are very very similar...sadly not every employee isnt very savvy or completely new into that home improvement world...give them a chance.
@darylmclain5181
@darylmclain5181 11 ай бұрын
Need to look into store manager in syracuse ny
@shootr1973
@shootr1973 2 жыл бұрын
Very good job done in this video!
@michaelsimpson2103
@michaelsimpson2103 2 жыл бұрын
Lowe's is an older company and use to have a higher store count and sales. It is incorrect to represent Lowes as the underdog
@juniort9928
@juniort9928 Жыл бұрын
Lowes is the best for sure
@Jordan-fn5rj
@Jordan-fn5rj Жыл бұрын
Home Depot has more stores, employees, and revenue, making it a stronger competitor. However, Lowe's has a slight edge in customer satisfaction, and it also offers more services and delivery options. In terms of selection and quality, both are comparable, but The Home Depot offers more specialized services and better discounts for contractors, giving it the edge when it comes to choosing the best big-box home improvement store. It really depends on your location and budget, but in the case of most buyers, the Home Depot would be the better choice for your home improvement needs.
@75OldsNinetyEight
@75OldsNinetyEight 2 жыл бұрын
Lowe’s focused on pros while ignoring the rest of the customers (sometimes literally)… Customer service has noticeably declined while prices are very much higher on the same items available at other retailers. I especially hate the longer checkout lines due to fewer cashiers nowadays because I always seem to have things that are not self-checkout friendly.
@taylordenman6105
@taylordenman6105 2 жыл бұрын
😂😂😂 Lowe’s is focused on pros? Clearly you don’t have much experience in the real construction industry.
@alfredhitchcock45
@alfredhitchcock45 10 ай бұрын
I never thought of it before the only ones benefiting from a disaster is hardware stores like them
@tomdrummy4984
@tomdrummy4984 2 жыл бұрын
I check both websites before I go, and buy from whichever is cheaper…….but I prefer Lowe’s.
@groove9tube
@groove9tube 2 жыл бұрын
Our local Lowe’s is on a steady decline, service and inventory going downhill. Meanwhile the nearby HD has just gone on a hiring binge. No comparison.
@johanizquierdo9111
@johanizquierdo9111 2 жыл бұрын
Have worked at both, HD blows Lowe’s out of the water in any market.
@dan260140
@dan260140 2 жыл бұрын
I feel like HD is way better than Lowe’s. I will admit in my area Lowe’s hires older people= they know there stuff. While HD hires younger people and I have to go look for it myself. HD just has better tools in my opinion like Milwaukee, makita exc. Lowe’s has kobalt, dewalt, and flex that I don’t think it will sell.
@Cult45Customs
@Cult45Customs 2 жыл бұрын
You probably saw seasonal employees
@HowYouuuDoinnn
@HowYouuuDoinnn 2 жыл бұрын
I always prefer visiting a Lowe’s store versus Home Depot, because in my experience, they’re always cleaner (not as dusty or dirty).
@TheMrlittlemack
@TheMrlittlemack 2 жыл бұрын
because less people go to lowes LMAO, less of a mess to clean up
@watermelonice5929
@watermelonice5929 Жыл бұрын
@@TheMrlittlemack Exactly lol
@MrSirPockets
@MrSirPockets 2 жыл бұрын
I also have a pet infestation! Though, my dogs pretty cool so, I'm happy about it.
@Garythefireman66
@Garythefireman66 2 жыл бұрын
CNBC hiring for voiceover talent and editors 🙄
@phillippia
@phillippia 2 жыл бұрын
Wondered why they didn’t edit that out…. 🤔
@janedoe247
@janedoe247 2 жыл бұрын
Glad I’m not the only one that caught that!! Lol
@ryanroberts1104
@ryanroberts1104 2 жыл бұрын
@@phillippia Literally every video they do has a different voiceover...and they all prove themselves to be idiots. The writers/editors/everybody else aren't much better. Stupid filler content for stupid consumers.
@Juliapak
@Juliapak 2 жыл бұрын
me too
@matthewwynne939
@matthewwynne939 2 жыл бұрын
I think of the description someone had made of Lowes years ago; that they tried to remain clean and organized so women would be more likely to shop there.
@ryanroberts1104
@ryanroberts1104 2 жыл бұрын
That's just dangerous, they should be turned away at the door.
@dianakaintz9851
@dianakaintz9851 2 жыл бұрын
Do not want to hear ADS
@techjdu
@techjdu Ай бұрын
I've been wishing Home Depot would open a store in my city. Lowe's is turning into Walmart and their lumber is trash.
@danlabrack2548
@danlabrack2548 2 жыл бұрын
You didn’t even get to the end of the story before the video cut out. lol!
@user-xj1jj1ls2j
@user-xj1jj1ls2j 2 жыл бұрын
Good competition!
@michaellim4165
@michaellim4165 2 жыл бұрын
Lowes for me. They take care of veterans unlike Home Depot. You don't get discounts online purchases with Home Depot while Lowes does. Yes, Home Depot does have in person discounts however, just not online purchases which is stupid.
@peteranon8455
@peteranon8455 2 жыл бұрын
I avoid places that give discounts to people who aren't me.
@michaellim4165
@michaellim4165 2 жыл бұрын
@@peteranon8455 Sucks to be you!
@michaelshawn6791
@michaelshawn6791 Жыл бұрын
@peter based
@nicfronczek7386
@nicfronczek7386 2 жыл бұрын
You’ll save big money , when you shop Menards Much better than Lowe’s or Home Depot
@pisces031372aj
@pisces031372aj 2 жыл бұрын
If you want cheaply made products and frozen pizza, then Menards is the place to go.
@nolimitz7890
@nolimitz7890 2 жыл бұрын
Haven't stepped inside a lowes in years because every employee is more lost than me will drive an extra 10 miles to home depot
@RahulKumar-ie3mj
@RahulKumar-ie3mj 2 жыл бұрын
very helpful information
@Thunder_Dream_Designs
@Thunder_Dream_Designs 2 жыл бұрын
Ok Lowe’s you want the honest answer to why you are In 2nd place? It’s super easy, it’s 100% Price, I’m a diy person that will do literally everything but roofing on my home. I will go shopping at Lowe’s but only if I can’t get it at Home Depot or if it’s something super specialized, a lot of time, I seem to have better luck at Lowe’s but it’s only on random stuff that’s super specialized. regardless I’m really DIY so if it means I will save hundreds of dollars BUT I will have to figure out a way to make the cheaper thing work how I need it I will go the Home Depot way.
@NPAMike
@NPAMike 2 жыл бұрын
Roofing is actually not as hard as you think it is. Its hard work under the beating sun i say its the 2nd hardest physical work for a diyer behind anything to do with concrete. I tend to stay away from anything electrical related.
@skliros9235
@skliros9235 2 жыл бұрын
Lowes is more expensive on a lot of things. I go to menards first, then home depot.
@irvlalonde3915
@irvlalonde3915 2 жыл бұрын
I tried to order a roof from Lowe’s. Everything went ok, until scheduling delivery. I picked out the shingles I needed to do a rental I owned, the quantity and price was ok. But then the guy gave a me a phone number to schedule delivery? WTF? I was supposed to call someone and play tag as to delivery? I simply walked out, went a 1/2 mile down the road, ordered the same type of shingle, the guy there sat me down at the computer, let me pick from the available delivery slots. And I didn’t even compare prices, I walked out knowing when the delivery was scheduled, I could call my roofer guy, get it done. I have a hard time understanding how some exec oks a procedure that hands off delivery to some third party for the customer to play whack a mole. Those folks get paid to make big decisions, and that imho was a stupid decision. The exec who made that decision should be looking for another job.
@auro1986
@auro1986 2 жыл бұрын
but can lowe lower house prices?
@timberwolfe1645
@timberwolfe1645 2 жыл бұрын
But let us not forget that Lowe's sucks at customer service. I went in to ask about buying the grill outside. I was handed off to 5 different people, who each left me on my own as they found someone else. The guy who had the key was the 4th guy, and then a Different guy loaded it into my truck. Like seriously? They have radios on their belts!!
@jgg204
@jgg204 2 жыл бұрын
And when people can no longer afford the price of material and labor?
@MichaelEvanick-de2tw
@MichaelEvanick-de2tw 2 ай бұрын
The only thing improving at Lowe’s is their profits! One employee for multiple departments ! Guys are stretched to their limits, and don’t even think of finding code compliant products they are asleep at the wheel ! You may not have much help at HD but at least they have the material you need!!!
@cmdr1911
@cmdr1911 2 жыл бұрын
Home improvement and auto parts stores always do well. In good times people spend money on extras or contractors spend the money, when things go bad, people DIY repairs as needed keeping the supplies of materials going. Simply by changing the size of packaging the same products are able to be sold at any time.
@TonyTrupp
@TonyTrupp 2 жыл бұрын
I liked lowes a few years ago, but they’re customer service has really gone downhill, way worse than home depot’s. At the last 3 lowes I’ve been to their employees generally don’t g.a.f.. Also their mobile app is practically unusable.
@anniealexander9616
@anniealexander9616 2 жыл бұрын
I love both stores. My last trip was to Lowe's. I was needing pine straw and Home depot didn't have the small bales I was looking for or it just wasn't listed online.
@shawncirignano4876
@shawncirignano4876 2 жыл бұрын
The "number 2" reminds me of the McHale's Navy movie with the "number 2" terrorist in the world. LOL!!! 😆😊😆😊😆😞
@jinnij9721
@jinnij9721 2 жыл бұрын
Their is 8 homedepot and no Lowes in my place. Lol figure that out.
@UHaulShorts
@UHaulShorts 2 жыл бұрын
Can't spell flowers without l o w e s
@mpac3160
@mpac3160 2 жыл бұрын
I live in Las Vegas. I bought a house and closed in March 2020. Right before the craziness hit. While LOWES is right around the corner. Home Depot is a 5 min drive. I shop for all my paint for my house since I painted the inside of my whole house. I will say the major time was spent at lowes. I got into wood working, got a Table saw and a Miter saw in April of 2020. Now I have like so many tools from routers, drills, saw horses etc. When I got my table saw and miter. No one at lowes could help me with the knowledge of table saw. Since I have been doing alot of study on the subject. I went for one and got a more expensive one with a miter. I also sold three more table saw for lowes. I had other customers asking about table saws.. The guys that work there asked if I wanted a job. LoL. Understand I had never used a table saw in my life. I guess when you sell guns for a living and for the last 10 years you can sell anything. I think lowes has a better set up. What's really sad is when I got into lowes. The employees know me. lol
@josuelopez3145
@josuelopez3145 2 жыл бұрын
I worked at Lowe’s over the summer and it was great, but the only thing that bothered me was the amount of shoplifting that went on. It was almost impressive.
@deanwilliam459
@deanwilliam459 2 жыл бұрын
whos going to stop them?
@randomsub1976
@randomsub1976 Жыл бұрын
Thats happening everywhere...have you ever heard of stores called Walmart or BestBuy , Home Depot etc...?
@josuelopez3145
@josuelopez3145 Жыл бұрын
@@deanwilliam459 we weren’t allowed to
@lalew2
@lalew2 2 жыл бұрын
lowe's closed stores in the SF bay area along with orchard supply hardware - i prefer home depot.
@reggiebannister1080
@reggiebannister1080 2 жыл бұрын
their ordering and customer service sucks they say it will arrive this day it wont call customer service they dont care... ill never shop there again
@JoseRivera-of8lv
@JoseRivera-of8lv 2 жыл бұрын
background music is too high in some instances of the video. annoying.
@d.b.1176
@d.b.1176 2 жыл бұрын
My apartment is infested with koala bars. It's the cutest infestation ever.
@TS-mo6pn
@TS-mo6pn 2 жыл бұрын
Customer service at Lowe's is the main reason I keep going there.
@RichardBarron_
@RichardBarron_ 11 ай бұрын
Dang she is so nervous
@mashaquinn5131
@mashaquinn5131 2 жыл бұрын
Home Depot better every time
@addisonsmith7949
@addisonsmith7949 11 ай бұрын
What about contractors?
@GD15555
@GD15555 2 жыл бұрын
1:39 did he say pet infestation? :) yellow journalism at its finest.
@kendrapratt2098
@kendrapratt2098 2 жыл бұрын
Why are Lowe’s stores often near Walmart?
@cachickadee
@cachickadee 2 жыл бұрын
I was working at a Home Depot in Washington which is located in the same strip mall as Walmart. Lowe’s is not far away in another strip mall.
@Chrispy9393
@Chrispy9393 2 жыл бұрын
Lowe's is where it's at. My homedepot is absolute trash. Rude people, supply issues & they are more expensive. I've literally spent $20-30K at lowes since I bought my house in '19 because I hate the depot so much. The only thing they have going for them is that dang jingle.
@onekewlbraddah8460
@onekewlbraddah8460 2 жыл бұрын
Are they related to Lowes Foods
@ChrisOWilson
@ChrisOWilson 21 күн бұрын
Lowes 1×3 pine wood
@DeRien8
@DeRien8 2 жыл бұрын
Helps that Home Depot is starting to get some negative press regarding some of the groups they support. I prefer Home Depot but have a lot of friends that won't shop there
@timberwolfe1645
@timberwolfe1645 2 жыл бұрын
What groups? Like amazon killing the forests? You need to be specific, otherwise your comment is invalid.
@thepulkitsood
@thepulkitsood 2 жыл бұрын
Lowe's hiring like crazy in India
@nattaphonj956
@nattaphonj956 Жыл бұрын
Every company exist to make money. That’s a bottom line.
@ramonalvarado9503
@ramonalvarado9503 2 жыл бұрын
Target or Walmart.............. Home depot or Lowes,.............. Coke or Pepsi.................whats the difference?? Really..
@LS-ys8nr
@LS-ys8nr Жыл бұрын
What is in that guys jacket?? Lol
@odenserian7382
@odenserian7382 2 жыл бұрын
Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current rise in bitcoin
@odenserian7382
@odenserian7382 2 жыл бұрын
I made $12,800 within 5days of trading
@patriciaruiz4423
@patriciaruiz4423 2 жыл бұрын
I Lost $1500 trading with an unprofessional trader
@saramelowih3573
@saramelowih3573 2 жыл бұрын
You're lucky
@richardwilliam9687
@richardwilliam9687 2 жыл бұрын
Sorry your lost
@richardwilliam9687
@richardwilliam9687 2 жыл бұрын
Many lost their hard earned money because of unprofessional broker in the crypto market.
@Pwn3dbyth3n00b
@Pwn3dbyth3n00b 2 жыл бұрын
Still prefer Home Depot over Lowes
@orbitalpotato9940
@orbitalpotato9940 2 жыл бұрын
But Home Depot theme is better.
@eprofessio
@eprofessio 2 жыл бұрын
I shop Lowe’s because the customer service is 5x better than Home Depot.
@NathanReyes.
@NathanReyes. 2 жыл бұрын
Home Depot over Lowe’s any day… let be real y’all.
@Reddylion
@Reddylion 2 жыл бұрын
What are the major reasons for that ! That will be useful to know for my future projects.
@JonathanCLacy
@JonathanCLacy 2 жыл бұрын
The KZbin account company man does a great video on this subject 👌🏼
@Chakawatever
@Chakawatever 2 жыл бұрын
Having worked as a independent contractor inside HD and Lowe’s. It’s night and day with the staff and the overall feeling when working inside HD. They’re just happier workers and it shows
@hectorvaldez7456
@hectorvaldez7456 2 жыл бұрын
The two biggest problems I have with Lowes: 1. The ones in my area will not custom cut lumber for you. For those DIYers like myself who do not own expensive cutting tools this is a major disadvantage. I would rather drive further to a Home Depot if I needed something to be custom cut. 2. Lowes generally sells lumber by the unit and not by feet/inches. Meaning that if you need custom cut lumber (say 2 feet), Home Depot will charge you for that exact dimension. This saves me you a lot of money as oppose to buying extra lumber that you do not need.
@primeroultimo9050
@primeroultimo9050 2 жыл бұрын
Why is cnbc doing a pice about lowes? Why does it have "the rise of lowes" on the thumb nail? This is weird
@mahadzirabdkarim4800
@mahadzirabdkarim4800 2 жыл бұрын
Know everything is INVESTMENT
@Red_imposter666
@Red_imposter666 Жыл бұрын
Looking for cyderblocks
@peterlegend
@peterlegend 2 жыл бұрын
Home Depot is always busy, Lowes is always half empty based on my community.
@mattbowdenuh
@mattbowdenuh 2 жыл бұрын
As a roofing contractor, I still find it is easier to get in and out of a home depot for over a lowe's for that small pickup of materials I may need during an active job. There's usually only 1 pro checkout available at lowe's that gets stacked up. Plus the nails/screws and paint are on the other side of the store from lumber/roofing. Pro-Contracting Parking is also easier at Home Depot. It's just easier to go to a Home Depot.
@genaddi1234
@genaddi1234 2 жыл бұрын
This narrator is just not cutting it
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