Quote:
Originally Posted by Jeff Higgins
Ersnt Hardware.....
Pay'n'Pack.....
Eagle Hardware....., which was still outstanding. They went under too, though, only to be replaced by Lowe's.
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Eagle didn't fail. They were bought by Lowe's, probably to get rid of the competition.
The story I heard- The founders of Earnst were dismayed at the lousy management after they sold, and founded Eagle, which was by far my favorite. I had lots of rentals, and was there regularly.
Had a guy renting from me who worked for Home Depot. Some of Home Depot's big wigs from headquarters came to the Northwest do discuss what to do about this new start-up that was eating their lunch in the local market. They were truly worried about Eagle.
Then Eagle was bought by Lowes.
Home Depot no longer worried. No need to improve. No need to do your best.
I used to hold my nose anytime I went to Home Depot. Now I hold my nose if I ever step into a Lowes. I especially dislike Lowe's, because instead of learning from Eagle's example, they just flushed them down the toilet.