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Lowe’s Begins $100 Million Broadcast Advertising Agency Review

Written by ChuckMeyst2015 on . Posted in Publicity

February 25, 1999 — Lowe’s Begins $100 Million Broadcast Advertising Agency Review

North Wilkesboro, N.C. — Lowe’s Companies, Inc., the nation’s second largest retailer of home improvement products, today began an agency review for its $100 million broadcast advertising account.

Lowe’s asked 16 advertising agencies, including W. B. Doner & Company of Southfield, Mich., agency of record since 1993, to submit proposals. The review is closed to the 16 agencies, and the company will not accept proposals from other candidates. The field will be narrowed next week to five candidates who will be visited by a team from Lowe’s. Finalists from the visit will be asked to handle a creative assignment for which they will be compensated.

The agencies were selected on the basis of market specialization, range of services, media experience, and the ability to service the account nationwide. agencyfinder.com (c.q.), an Internet and off-line agency selection service owned by Business Partnering International, Ltd. of Richmond, VA., assisted in the selection process. The firm was able to identify a small group of agencies that met the selection criteria through data from more than 3,000 international agency offices stored in its system.

Lowe’s, best known as Lowe’s Home Improvement Warehouse, serves more than four million do-it-yourself and commercial business customers weekly in 487 stores in 27 states. Fiscal 1998 sales totaled $12.24 billion, a 20.8 percent increase over fiscal 1997 sales.

The 52-year-old company plans to open more than 80 new stores this year, expanding to three new states. Lowe’s also announced last year its intention to acquire Eagle Hardware and Garden of Renton, Washington, adding nearly $1 billion in sales generated by 36 stores in 10 states.

“Lowe’s aggressive expansion program, coupled with new initiatives in branded products, marketing and promotional activities, has had a tremendous impact on our advertising needs,” said Dave Tyler, vice president of Advertising for Lowe’s. “As the company continues to succeed and grow, we see a need to change our centralized approach to advertising in favor of a more decentralized strategy that allows us to react more quickly to a changing local marketplace.”

AHAA and agencyfinder.com Partner to Create Hispanic Marketers Resource

Written by ChuckMeyst2015 on . Posted in Publicity

February 5, 1998 — AHAA and agencyfinder.com Partner to Create Hispanic Marketers Resource

Miami, FL — Ana Maria Fernandez-Haar, President of the Association of Hispanic Advertising Agencies, announced today at AHAA’s 1998 Conference in Miami the inclusion of AHAA member agencies in agencyfinder.com, the new Internet advertiser/agency matchmaking service. “We are particularly excited about this partnering effort, because advertisers and marketers now have agencyfinder.com as the definitive resource to conduct searches for agencies with experience delivering the Hispanic market, ” said Fernandez-Haar.

Charles Meyst, Chairman and CEO of agencyfinder.com said, “We now deliver the leading Hispanic agencies to searching clients and consultants. In what used to take weeks – perhaps months – a client can now search free-of-charge, create their short list, and meet with agencies in days. A very powerful tool for moving product to market – in this case Hispanic – quickly and efficiently. Overall it’s a win win for our clients and our agencies.”

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