Provide a response to Case 9: Lowe's Companies, Inc. (p. 451). Answer the 5 questions at the bottom of textbook page 459 (last paragraph). Do not "Design a three year strategic plan..." as outlined in the final statement. In lieu of this question, you are to answer the following question: Develop the projected financial statements that fully assess and evaluate the impact of your proposed strategy. This should include a full balance sheet, income statement and EPS/EBIT analysis. There are a total of 5 questions/statements that need to be answered for this assignment.
1. Should Lowe’s expand into Canada, or renew efforts to acquire Rona?
2. Would you recommend Lowe’s enter the Australian market with 150 new stores as currently planned in an attempt to match Ace’s international presence?
3. Would you recommend Lowe’s reduce the size of its stores to match Home Depot, and even smaller stores such as Ace and True Value?
4. What do you think are the best strategies for Lowe’s to outperform Home Depot as the housing market and world economy continue to improve?
5. Develop Projected Financial Statements that fully assess and evaluate the impact of the proposed strategy.