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Author Topic: Veterans discount at Lowe's  (Read 1353 times)

Bill N

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Re: Veterans discount at Lowe's
« Reply #30 on: July 12, 2018, 07:56:46 AM »
Its great that we get a discount, but sadly the bottom line is that they probably markup the items at 30-40% anyway so they are def not losing any money. Even if they did, it would be loss leader for them.  For those not in business that dont know what a loss leader is, a company loses money on one item to make money on something else.  Loss leaders are used by businesses world wide to get you in the store or on their website.
You definition of loss leaders is accurate but, in my experience, your accusation that they are marking it up anyway (to overcome the military discount) is not too accurate with respect to Lowes, at least not on many of the items I buy.  You see I try to do price comparisons with Walmart or other stores that handle the same products.  In the garden supplies area, Lowes pretty much matches Walmart so that 10 percent is over an above what I would get there.  Large items, if purchased when on special sale can result in even larger savings since that 10 percent goes on regardless of any other sale price  on the item.  I guess I am just happy to add another 10 percent discount that most other people will not get.  Most of the times it makes the difference that brings me into Lowes.

Bill
Bill & Joan N in Missouri
USAF (Ret - 1961-1981)
2002 Winnebago Adventurer 35U
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2013 Chevy Sonic Toad
Furbearers:  Heidi-17(Forever), Cats: Grace-11 & Squeak-6, Winnie the ShihTzu - 16 mos

Bill N

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Re: Veterans discount at Lowe's
« Reply #31 on: July 12, 2018, 08:01:23 AM »
You can no longer "just show your ID". :-\  You have to sign up.  Rather than give my personal information, I have switched to Home Depot.

Not true, at least at my Lowes.  I have signed up and have a My Lowes card but yesterday a fellow in line behind me saw me get a discount and asked what he needed.  The cashier said "Just a military ID card or you can sign up and not even need that."

Bill
Bill & Joan N in Missouri
USAF (Ret - 1961-1981)
2002 Winnebago Adventurer 35U
Workhorse W22, 8.1L Chevy V8
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durangod

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Re: Veterans discount at Lowe's
« Reply #32 on: July 12, 2018, 08:50:41 AM »
Hi Bill,

I think you misunderstood what i was saying a bit.   I did not mean that they were marking up to offset the cost of the 10%.   It was more of a general comment about the fact that all businesses usually mark things up 30-40 percent or more.   So when any business offers a percent off, they are just reducing their profit but they dont lose money.   

Huge discounts is one way to help the consumer get an idea of how much a business marks something up.  Lets say that a business offers 50% discount.  Well two things may be happening.  One - they marked the item up over 50% so their profit is still there.  Two - its a loss leader to get you into the store because they know you will buy something while you are there.

Grocery stores are famous for this tactic - why do you think the always include milk on sale in their ads.   Its because many of them keep their milk in the very back of the store.  So that means you have to walk all the way to the back to get milk.  Now along the way (most everyone) thinks of something else they need or will need soon so the grocery store always gets another sale.   

Casino's also use this tactic -  I dont gamble now but when i lived in vegas i did and they use this tactic as well.   Their loss leaders are free buffet's, sometimes free drinks if you are playing, and other free items.  They lose money on the buffet's and drinks, but they make it up probably 4x what they lose if they can keep you playing.   

So yes on the individual level any discount is great and helps out tremendously.  But on a wider scale the discounts from the business point of view is that they just get more volume of customers which equates to more sales.   :) 

So are they motivated by income or real respect for our service....  noone knows really.



« Last Edit: July 12, 2018, 08:53:41 AM by durangod »
Dave, me, myself, and I
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NY_Dutch

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Re: Veterans discount at Lowe's
« Reply #33 on: July 12, 2018, 09:27:06 AM »
The bottom line is that veterans and other discounts save me money. The reasons why companies give them is irrelevant. Do I buy from a company because they give the discount? Or do I buy from them because they have the lowest price with the discount. Of course I also buy from specific companies at times because they have the product I want, regardless of whether they offer a discount or not.
Dutch
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Bill N

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Re: Veterans discount at Lowe's
« Reply #34 on: July 13, 2018, 07:05:22 AM »
Hi Bill,

I think you misunderstood what i was saying a bit.   I did not mean that they were marking up to offset the cost of the 10%.   It was more of a general comment about the fact that all businesses usually mark things up 30-40 percent or more.   So when any business offers a percent off, they are just reducing their profit but they dont lose money.   

 

Dave, good answer but I think you left out one huge factor - expense on the part of the retailer.  After I retired from the military I did in fact own a small town grocery (advice -never do that) and while I did mark up 30-40% my actual profit margin was in the 4-5 percent range.  Some of the big box grocery stores operate on a 3-4 percent actual profit margin.  You see expenses such as electricity, rent, payroll take up the bulk of that seemingly huge markup.  Anyway, my overall point is that I appreciate the Lowes everyday discount for military and don't mind bragging it up to others who are eligible to use it.

Bill
Bill & Joan N in Missouri
USAF (Ret - 1961-1981)
2002 Winnebago Adventurer 35U
Workhorse W22, 8.1L Chevy V8
2013 Chevy Sonic Toad
Furbearers:  Heidi-17(Forever), Cats: Grace-11 & Squeak-6, Winnie the ShihTzu - 16 mos

durangod

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Re: Veterans discount at Lowe's
« Reply #35 on: July 13, 2018, 08:09:18 AM »
Agreed Bill, i feel the same way :)
Dave, me, myself, and I
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SargeW

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Re: Veterans discount at Lowe's
« Reply #36 on: July 13, 2018, 03:42:45 PM »
Yep, when I  worked at a big grocery chain store when I was young, they were ecstatic if they actually made 3% profit. usually is was under 2%. BTW, they are defunct now.
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ChasA

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Re: Veterans discount at Lowe's
« Reply #37 on: July 13, 2018, 09:22:20 PM »
Back in the late 90's, I worked at HD. We could give anybody a 10% discount for any reason. All the customer had to do was ask for it.
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Rene T

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Re: Veterans discount at Lowe's
« Reply #38 on: July 14, 2018, 05:14:16 AM »
Back in the late 90's, I worked at HD. We could give anybody a 10% discount for any reason. All the customer had to do was ask for it.

Not today at least at my HD. There are only like three days out of the year that they do it. Lowe's is all the time. Luckily for me, I have a HD 3 miles away and a Lowe's 4 miles away.
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NY_Dutch

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Re: Veterans discount at Lowe's
« Reply #39 on: July 14, 2018, 06:54:18 AM »
Not today at least at my HD. There are only like three days out of the year that they do it. Lowe's is all the time. Luckily for me, I have a HD 3 miles away and a Lowe's 4 miles away.

The HD near our NY cottage is the same way, giving the discount just on those few days. Our store grouping is a little tighter though, with just a half mile between Lowe's and HD. And a Tractor Supply and Harbor Freight in between them. :D
Dutch
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jymbee

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Re: Veterans discount at Lowe's
« Reply #40 on: July 15, 2018, 12:08:33 PM »
... just a half mile between Lowe's and HD. And a Tractor Supply and Harbor Freight in between them. :D

Can't get much more civilized than that.  :))

Molaker

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Re: Veterans discount at Lowe's
« Reply #41 on: July 15, 2018, 01:50:40 PM »
Just bought a couple of ceiling fans at Home Depot. Flashed my gray retired military ID and that was it.
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Rene T

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Re: Veterans discount at Lowe's
« Reply #42 on: July 15, 2018, 06:18:36 PM »
Just bought a couple of ceiling fans at Home Depot. Flashed my gray retired military ID and that was it.

They will take a military retirees ID but nothing for a veteran. Not even a DD 214.
« Last Edit: July 16, 2018, 07:21:55 AM by Rene T »
Rene, Lucille & co-pilot Buddy
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Bill N

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Re: Veterans discount at Lowe's
« Reply #43 on: July 15, 2018, 08:06:08 PM »
They will take a military retirees ID but nothing for a veteran.
I think you hit a key difference there Rene.  Retirees have ID cards but I don't think veterans  have any special ID unless they are disabled.  Would that be a correct assumption?

Bill
Bill & Joan N in Missouri
USAF (Ret - 1961-1981)
2002 Winnebago Adventurer 35U
Workhorse W22, 8.1L Chevy V8
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Furbearers:  Heidi-17(Forever), Cats: Grace-11 & Squeak-6, Winnie the ShihTzu - 16 mos

catblaster

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Re: Veterans discount at Lowe's
« Reply #44 on: July 15, 2018, 08:17:20 PM »
I think you hit a key difference there Rene.  Retirees have ID cards but I don't think veterans  have any special ID unless they are disabled.  Would that be a correct assumption?

Bill

I had my VA identification but Home Depot would not accept it until it included the disability on the front, had them remake it and then it was easier, not foolproof but easier. It seems to depend on who is on the register at the time.

Lowes and ace hardware are always easier and generally cheaper, that is something I didnt expect from Ace.
Will and Jane
95 Winnebago Luxor

Rene T

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Re: Veterans discount at Lowe's
« Reply #45 on: July 15, 2018, 08:19:23 PM »
I think you hit a key difference there Rene.  Retirees have ID cards but I don't think veterans  have any special ID unless they are disabled.  Would that be a correct assumption?

Bill

That's right. Now whenever I can, I drive the extra 1/2 mile and shop t Lowe's.
Rene, Lucille & co-pilot Buddy
AKA  Pep N Mem
2011 Chevy Duramax 2500 HD 4X4
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From the Granite State of NH
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jhskick

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Re: Veterans discount at Lowe's
« Reply #46 on: July 16, 2018, 06:51:05 AM »
If you go online and sign up for military discount. Enter your info they verify and send you a My lowes card.  done show it discount applied in store or online. Its not credit card just for ID.
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NY_Dutch

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Re: Veterans discount at Lowe's
« Reply #47 on: July 16, 2018, 07:17:34 AM »
They will take a military retirees ID but nothing for a veteran.

Exactly! As I posted earlier, HD has two different policies. The 10% discount is offered year-round for active duty, reservists, retired, or disabled military veterans and their immediate families. They only offer a 10% discount to all other military veterans on Memorial Day, Fourth of July, Labor Day and Veterans Day.
Dutch
2001 GBM Landau 34' Class A
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2011 Toyota RAV4 4WD/Remco pump
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