Vol 2 Chapter 631: American personal home improvement field

A few days later.

Zhuke has left New York and came to the city of Eau Claire in Wisconsin.

Speaking of the 50 states in the United States, more people may be familiar with California, New York, and Hawaii, while Wisconsin is undoubtedly a bit strange to many people. The word "Wisconsin" represents the two words "grass" and "red gem" in Indian language.

The state is located in the northern United States, with Lake Michigan, one of the Great Lakes in the east, Michigan in the northeast, Minnesota to the west, and Iowa and Illinois in the southwest and south. The state has 45% of the land. Covered by forests, the state has a dense river network with more than 10,000 rivers.

Therefore, the economic characteristics of Wisconsin are mainly agriculture, forestry, animal husbandry and papermaking.

It is relatively lacking in high-tech industries.

But... Wisconsin also has no shortage of potential companies!

For example: Maynards home improvement!

And this time Zucker arrived in Eau Claire, Wisconsin, for the Maynards Home Improvement Company.

"Hi, Zhuke, my friend, welcome your arrival~"

As soon as Zhuke and his party arrived in Madison, they were warmly welcomed by John Manard Jr., the owner of Menards Home Improvement.

Zhuke embraced him warmly.

"Man, you have been pretty good for a while. Even if I'm not in New York, you can see your news everywhere. The collapse of Enron, you Wall Street people are making crazy money."

Little John Manard’s tone was full of envy.

Hearing this, Zhu Ke waved his hand and said with a smile: "Come on, old guy. I made a lot of money in the Enron incident, but the people who really make the big head are Goldman Sachs, Bear Stearns, and Merrill Lynch. ."

"It's the same, anyway, your Gale Capital hasn't earned less." Manard said quickly.

The two exchanged briefly before leaving the airport.

In the car.

Zhu Ke narrowed his smile and said solemnly: "Old man, come on, how can I help you?"

"Uh?"

Little John Manard, who was over sixty years old, was taken aback for a moment. After a few seconds, he sighed: "Do you know all that?"

"Is not this nonsensical?"

Zhu Ke smiled and scolded: "Don't forget, but I reminded you at the beginning, can I not be clear?"

Little John Manard smiled and nodded immediately.

Since the outbreak of the 9/11 incident, Internet companies and high-tech companies across the United States have suffered a disaster. Stock prices have fallen severely, and many companies have closed down. Even today, the impact of the 9/11 incident continues to deal a huge blow to these companies.

All walks of life have been affected to varying degrees...

Including the field of personal home improvement.

"In just a few days, my company lost at least hundreds of millions of dollars. The total number of individual home improvement orders alone has exceeded 3,000. Damn, **** terrorists!"

These are the words of John Manard Jr. complained to Zhuke just a few days after the outbreak of 9/11.

As of today, Menard’s Menards Home Improvement Company has lost at least US$300 million. This is the reason why Manard’s response was quick enough, otherwise the loss will definitely go to US$500 million.

Crisis and opportunity often coexist!

Think about it another way, Menards Home Improvement, as the largest personal home improvement chain brand in Wisconsin, will lose such a huge loss, so how good is it for its competitors?

Moreover, the situation is even worse for small and medium-sized personal home improvement companies that occupy the middle and lower reaches and are far less powerful than your company.

In other words, if Menards Home Improvement can quickly annex some small and medium-sized home improvement companies in this crisis, it will inevitably rise to become an industry giant.

"Thanks to your original reminder, I do this now, but..."

Manard hesitated and stopped.

"but what?"

Zhuke asked.

Manard said solemnly: "But don't forget that in the field of personal home improvement in the United States, there are many companies stronger than Menards Home Improvement, such as Home Depot and Lowe's. They are the giants in this industry."

The Home Depot?

Lowe?

Zhu Ke repeated these two company names.

The Home Depot Company is the world's leading retailer of home building materials and one of the world's largest retailer of home improvement brands. It is located in the United States, Canada, Mexico and other regions.

As of now, the number of chain stores it owns exceeds 700 in the United States alone;

Home Depot has been named the "Most Popular Professional Retailer" by Fortune Magazine for several consecutive years;

In November 2001, the Home Depot Company ranked 47th in the "Forbes" magazine's "Top 500 American Companies" list.

Lowe's, it's not bad either!

Lowe's is also one of the world's largest home improvement brand retailers, with more than 400 stores across the United States, second only to Home Depot in the field of personal home improvement.

"Home Depot and Lowe's, I know, they are the first and second largest personal home improvement giants in the United States, so what size is your Menards home improvement now?"

Zhuke asked.

Manard took a deep breath and said in a rather bitter tone: "Don't look at my Menards home improvement brand as the largest personal home improvement chain brand in Wisconsin, but its overall strength is much worse than Home Depot and Lowe's. ,a lot of."

Zhuke curled his lips: "Then you are talking about it!"

The old guy is not happy at all.

"49 homes!"

"My Menards Home Improvement currently has only 49 stores, which is far lower than Home Depot's over 700 stores and Lowe's over 400 stores..."

While speaking, Manard spread his hands and laughed at himself: "I'm finished now, you should know my troubles."

Zhuke nodded.

The 9/11 incident is both a crisis and an opportunity for all walks of life in the United States.

Big fish eat small fish~

As long as we can seize the opportunity, we can quickly annex some companies that are about to go bankrupt, so that the company can grow rapidly, and even become a giant in the industry.

However, not everyone has a chance!

For example, the current Menards home improvement ~www.wuxiaspot.com~, in the field of personal home improvement, completely cannot compete with the industry giants Home Depot and Lowe's.

"No, buddy. I reminded you a few days after 9/11 that you haven't made any progress in the past few months?"

Zhu Ke asked.

It stands to reason that with Zucker’s reminder, a smart man like Manard should be able to get ahead.

"No money, buddy!"

Manard smiled bitterly: "You think I am you, where do I have that much money? In the bank, I also borrowed 200 million US dollars, but it is still not enough, um, not enough!"

There is one more word, he didn't say.

That is to find Zhu Ke to borrow money~

Of course, he does not reject Zhuke's equity in his Maynards home improvement.

"" The first update is sent.

The minister is back, and today he has an update.