I will offer my observations, having worked for Lowe's since just past the turn of the century. These are my thoughts and do not reflect Official Lowe's Corporate Policies or Positions in any way. Many of these observations can be gleaned from news stories in various of the business magazine online editions.
I come from the era when corporate management valued employees as an asset, and the magical, mythical beast known as Shareholder Value was not the main driving force behind corporate think.
I was hired due to my track record of excellent customer service, and ability to meet the needs of the customer insofar as a complete package of products to get their job done. Also, my store manager at my previous employer called the Lowe's manager with a recommendation.
I've never been one to push the extras, like credit or extended warrantees, will help the customer obtain such if they want them. I like to see the money, but only what the customer needs to spend. I can work with someone who is fulfilling wants, too.
Old saying in maritime culture, the fish rots from the head.
I've been through the many changes in the C & E-levels of Lowe's corporate structure, it's like I have worked for several different companies with each big dog marking their new territory.
The latest era started when Lowe's hired Marvin Ellison away from JC Penney's, where he succeeded in slowing the sinking of the Titanic. He is CEO and President of the Corporation, but not also Chairman of the Board like his predecessor Robert Niblock.
Almost the entire slate of big bosses from Regional Vice President on up have been replaced. It started with the elimination of the COO position. The person holding the job had been in office just 8 months. That position was replaced with an EVP Stores.
Payroll is their favorite expense to squeeze. Difficulty in finding someone to help, the cluttered aisles, the pallets of freight...and more, are a result of that. Also, remerchandising the store, shuffling products around, about 1/3 of which made sense.
Yes, as some have observed, tenured, knowledgeable people are getting scarcer and scarcer. In example, one high dollar product department, which should have 3 specialist and 3 regular associates, has one of each. Part of that, I think, is Lowe's history of cutting back on employee benefits. There had been a replacement program for the commissions/spiffs, which was 1/2 the old money. Marvin took that away 2 years ago and there was a large migration of knowledgeable, long tine people to new jobs elsewhere.
One used to be able to earn commissions and spiffs (basically a kickback from the manufacturer) on big ticket and special order items. That is mostly no more. Used to get a bonus for having good inventory numbers, no more. Used to get a little extra holiday gratuity for Thanksgiving and Christmas, no more. Still get a quarterly bonus, if the store as a whole meets the metrics.
When I came on board, the employee slogan was "Power of Pride." The benefits structure, including employee stock plan, was under the banner of "Retire Rich." The company slogans were, simply, "Improving Home Improvement" and "Let's Build Something Together." Lowe's was know for clean, wide aisles. Merchandising standards were adhered to, to keep it that way.
Then there were the "Build and Grow" sessions for the kids. The "How To Do It" clinics for the adults.
No matter what noises the company makes about caring and charity, they are truly only interest in the bottom line of the profit and loss statement.