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Chapter 631 American Personal Home Improvement Field

A few days later.

Zucker has left New York and came to the city of Euclare, a subsidiary of Wisconsin.

When talking about the 50 states in the United States, more people may be familiar with California, New York, and Hawaii, and Wisconsin is undoubtedly a bit unfamiliar to many people. The word "Wisconsin" represents the two words "grass" and "red gemstone" in Indian language.

The state is located in northern America, with Lake Michigan, one of the Great Lakes in the east, Michigan in the northeast, Minnesota in the west, and Iowa and Illinois in the southwest and south. 45% of the land in the state is covered with forests, and 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 is also not short of potential businesses!

For example: Menaz home decoration!

This time, Zucker arrived in Euclair, Wisconsin for the Maynaz Home Improvement Company.

"Hi, Zhuke, my friend, welcome you~"

As soon as Zucker arrived in Madison, he was warmly welcomed by John Mernard, the owner of Maynaz Home Improvement.

Zhuke hugged him enthusiastically.

"Man, you have been very glorious recently. Even if I am not in New York, you can see your news everywhere. The collapse of Enron Company, you Wall Street people are making a fortune."

John Merard Jr.'s tone was full of envy.

Upon hearing this, Zhuke waved his hand and smiled, "Come on, old guy. I made a lot of money in the Anron incident, but the person who really made a big profit is Goldman Sachs, Bear Stearns, and Merrill Lynch."

"One, all the same, you have made a lot of money from the strong winds." Menard said quickly.

The two of them had a brief conversation and left the airport.

On the car.

Zhu Ke smiled and said solemnly: "Old guy, tell me, how can I help you?"

"Well?"

John Merard, who was over 60 years old, was stunned immediately. After a few seconds, he sighed, "Do you know everything?"

“Isn’t this nonsense?”

Zhu Ke laughed and scolded, "Don't forget, I reminded you at the beginning, can I not know?"

John Merard Jr. smiled embarrassedly and nodded immediately.

Since the outbreak of the 9/11 incident, Internet companies and high-tech companies across the United States have suffered a catastrophe, with stock prices falling seriously, and many companies have gone bankrupt. Even today, the impact of the 9/11 incident has continued to cause a huge blow to these companies.

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

This includes the field of personal home decoration.

"In just a few days, my company lost at least hundreds of millions of dollars. The accumulated total of more than 3,000 orders for personal home binding orders alone. Damn terrorists!"

This is the words of John Mernard Jr. complaining to Zucker a few days after the 9/11 incident broke out.

As of today, Menard's Menard Home Improvement Company has lost at least $300 million, which is why Menard responded quickly enough, otherwise the loss would have been for $500 million.

Crisis and opportunity often coexist!

Think about it another way, as Wisconsin’s largest personal home improvement chain brand, it will suffer such huge losses, so its competitors will not be much better?

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

In other words, if Menaz Home Improvement can quickly abide by 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'm doing this now, but..."

Menard wanted to speak but stopped.

“But what?”

Zucker asked.

Mernard said in a deep voice: "But don't forget that in the personal home improvement field across the United States, there are many companies that are better than Menaz home improvement companies, such as Home Depot and Lowe, who are the giants in this industry."

Home Depot?

Lowe's?

Zhu Ke repeatedly muttered the names of these two companies.

Home Depot is a world-leading home building materials and supplies retailer and one of the world's largest home decoration brand retailers. It is located in the United States, Canada, Mexico and other regions.

So far, the number of chain stores it owns has more than 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, Home Depot ranked 47th in Forbes magazine's "Top 500 American Enterprises".

Lowe, it's not bad either!

Lowe 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, I know, they are the number one and second largest personal home improvement giants in the United States, so what is your Menaz home improvement scale now?"

Zhuke asked.

Menard took a deep breath and said in a resentful tone: "Don't look at my Menaz Home Decoration as the largest personal home decoration chain brand in Wisconsin, but its overall strength is much worse than Home Depot and Lowe's."

Zhuke curled his lips: "Then you said it!"

The old guy is not at all happy.

“49 houses!”

"Menaz Home Improvement currently has only 49 stores, far lower than the more than 700 stores of Home Depot and more than 400 stores of Lowe's..."

While speaking, Menard spread his hands and said to himself, "I'm done now, you should know my troubles."

Zucker nodded.

The 911 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 you can seize the opportunity, you can quickly swallow up some companies that are on the verge of bankruptcy, thus allowing the company to grow rapidly and even become an industry giant.

But not everyone has a chance!

For example, the current Menaz Home Decoration cannot compete with the industry giants Home Depot and Lowe's in the field of personal home decoration.

"No, man. I reminded you a few days after 9/11, have you not made any progress in the past few months?"

Zhuke questioned.

Logically speaking, with Zhuke's reminder, smart people like Merard should be able to take the lead.

"No money, man!"

Merard smiled bitterly and said, "You think I am you, how can I have that much money? Even in terms of the bank, I also borrowed $200 million, but it is still not enough. Well, it is far from enough!"

There is another sentence he didn't say.

That's to borrow money from Zhuke.

Of course, he did not reject Zucker's investment in his Menaz home improvement.

The first update of "" is given.
Chapter completed!
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