Alan Lacy
Alan Lacy
break consumers good minds pricing terms value
We think in terms of pricing and assortment we have very good offerings, ... But we have not been able to break through consumers minds in terms of value perception.
bad clearly economy gone took tragedies worse
An economy that was clearly bad has gone to worse after those (Sept. 11) tragedies took place,
believe continued extending fair full offer opportunity provide represents tender
We are extending our offer to provide shareholders with a continued opportunity to tender to our $16.86 offer, which we believe represents a full and fair price.
closer customers gives good grow locations opportunity problem products service
Sears has had a very different problem from Kmart, ... Our service and products are as good as our competitors but they're not where our customers are. This now gives us the opportunity to grow off-mall locations closer to the customer.
challenges coast critical difficult environment face height holiday iraq knew port quarter reached toughest war west
We knew that this would be our toughest quarter as we reached the height of our reposition efforts, ... This is a difficult environment with the possibility of war with Iraq and the West coast port lockout challenges we face in the critical holiday season.
continue driving expenses focus gross inventory levels operating profit
While revenues continue to be soft, our focus on gross margin, inventory levels and operating expenses is driving substantial profit improvement,
depends equipment foot kinds people piece running shoe shoes stride weight
That really is the only piece of equipment that you need for running. The shoe all depends on the person because there are all different kinds of shoes and it depends on your foot size, your weight and different people have different stride patterns.
actions believe canada common consider decision largest management respect senior tender whether
We believe that Sears Canada shareholders should consider the actions of the senior management and the largest independent shareholder when making a decision with respect to whether to tender their Sears Canada common shares.
happy money performance recognize retail segment
We recognize that we really don't make enough money in our retail business, ... If you look just at our retail segment we're not happy with our retail performance here.
apparel classic emphasize home improvement strong
We'll emphasize better classic apparel while highlighting our strong appliance, electronics and home improvement merchandise,
apparel businesses core difficult economic lawn pleased sales shown signs tools
We are pleased that sales in core businesses such as lawn and garden, tools and apparel have shown signs of strengthening, especially considering the difficult economic environment,
concerned market misleading press regarding reported
We are concerned that speculation reported in the press may be misleading the market regarding our intentions.
bit business cosmetics department emphasis example exit less market model process spend
We probably are going to become a little bit less of a department store, with less emphasis on apparel, ... I think the exit from cosmetics is an example of this. We are very much in the process of reworking our business model and how we go to market and how we spend money.
business department moving store
We are moving away from a traditional department store business model. That has to change,