Alan Lacy
Alan Lacy
bad clearly economy gone took tragedies worse
An economy that was clearly bad has gone to worse after those (Sept. 11) tragedies took place,
broad business clear cosmetics financial fits improving longer objectives performance stores strategic work
As work on improving the performance of full-line stores progresses, it has become clear that a broad cosmetics business no longer fits with our financial and strategic objectives for Sears full-line stores,
business change clearly cutting everybody focus slowing
Clearly business is slowing down. Everybody is cutting back a bit, but our focus has been to structurally change how we do business because how we do business is not working,
apparel clearance clothing finally improvement last late principal ready reporting sales
In what is traditionally a clearance month, sales were up in our principal clothing categories, with women's ready to wear, children's and men's apparel all reporting sales gains, ... Outerwear finally benefited from winter's late arrival, with a sizable improvement over last year.
awful box clearly daily economic elements extent fashions geared great home indoors kitchen shopping soft
The Great Indoors clearly is geared around home remodeling, re-decorating, so to some extent there's more economic linkage there than just daily life. But there's an awful lot of fashions and soft elements to this box that you don't have to be gutting your kitchen to go shopping there,
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.
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,