Alan Lacy
Alan Lacy
concerned market misleading press regarding reported
We are concerned that speculation reported in the press may be misleading the market regarding our intentions.
business determine environment faces factor principal prospects retail value
On a stand-alone basis, Sears Canada's retail business faces an increasingly competitive retail environment in Canada, and the principal factor that will determine the value of this business is the prospects for its retail operations.
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,
bad build class information physical running slowly start taking valuable
They should start very slowly and build up. They probably should have a physical examination, especially if they are older. For students, taking a running or a walk-jog class wouldn't be a bad idea because they would be able to get valuable information from that.
achieved continued difficult environment expansion expenses gross managing margin operating pleased retail second third weather
As in the second quarter, we have been able to weather the difficult top-line environment by effectively managing our retail operating expenses and inventories. We are also pleased to have achieved continued gross margin expansion in the third quarter,
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.
business department moving store
We are moving away from a traditional department store business model. That has to change,
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,
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.
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.
affect credit days pay people
If people can't pay the credit in 180 days, and these are people who would pay in the 240 days they get from Sears, that would affect them,