Entity Dossier
entity

Barbara

Strategic Concepts & Mechanics

Identity & CultureMerchant Identity Over Businessperson Label
Operating PrincipleTwo-Month Replenishment Drumbeat
Signature MovePrivate Family Ownership as Speed Advantage
Strategic PatternCreative Frenzy as Store Experience
Operating PrincipleGod's Laws as Ethical Guardrail
Competitive AdvantageTrash-to-Treasure Supply Sourcing
Cornerstone MoveFifty Thousand New Items, Zero Stale Shelves
Signature MoveStore-First, Warehouse-Second Logistics
Signature MoveFemale Homemaker as True North Customer
Signature MoveThe Parts Business Completeness Test
Cornerstone MoveTruckload Bargain to Category Domination

Primary Evidence

"One of our most enduring categories is the product line that started it all for Barbara and me: frames. The small picture frames we made in the beginning were strictly a craft item. Customers would use them to hold small paintings for a grouping on the wall. Then a wholesale company (the same one that sold us that first frame-chopper machine) wanted to get out of the ready-made frame business. The owner sold us a forty-foot truckload of inventory for $2,000. We had no way to store this much in our small facility, so we parked the trailer out front and began running newspaper ads for a big sale. We spread some frames out on the lawn, while the rest could be seen by climbing up a ladder into the back of the trailer. (Fortunately, nobody slipped and fell and sued us!) It turned out to be a tremendous success; we netted five or six times our investment. So we bought another truckload for $4,000, and a third for $8,000, still managing to be profitable. This showed us the potential of large, ready-made frames. It’s still one of our mainstays. Today we stock every size from 2 x 3 inches to 24 x 36 inches. Granted, frames consume a lot of floor space, and they come in lots of different styles. But people will always want to hang a picture of their child or their mother on the wall, and Hobby Lobby will always be there to help them."

Source:More Than a Hobby

Appears In Volumes