SEC 10-K Analysis Essay Example | Topics and Well Written Essays - 2250 words

SEC 10-K Analysis - Essay ExampleThe company has successfully extended its seam operations all across America (1649 outlets) and Canada (11 outlets).Lowes, after considering the statistics provided by different relevant institutions estimated that US category improvement retailing market is worth more than $695 billion including both product demand and installed aim opportunity. However, due to the economic downturn within USA, the market size reduced by 7% in 2008. It is also estimated that the market willing show some improvement in upcoming 2009 and demand will rebound in late 2010 or early 2011 once the recession is completely over. Lowes faces ambition with other plumbing, electrical, hardware and electrical manufacturers plus suppliers and with merchandise stores, warehouses and e-businesses. Taking this into account as well knockout economic conditions, Lowes paid special attention to adopting innovation centered approach to update its machinery by employing modernized a nd sophisticated technology, improving the store-outlook, productivity and efficiency within the stores by including information systems and store elaborateness so that it could cater customers all across USA. It must be pinpointed that better employment opportunities and subsequent affix in real personal income, growing housing sector and property ownership are the study determinants that contribute to higher sales. Unemployment rate of 5.7% and negative growth in property sector did affect the sales but the expansion policy (115 new stores in 2008 117,000-square-foot (117K) and 103,000-square-foot (103K) stores for large markets and a 94,000-square-foot (94K) store to serve small markets) of top management saved Lowes from the negative consequences because of the contribution from new stores in sales tax that dropped by 7.2%. This reduction would have easily crossed 10-12% if this expansion policy had not been adopted. Expenses were