Jim Sluzewski
Jim Sluzewski
business continued employed intention lord sell
Our intention is we'll sell the business as a whole and presumably, they (workers) will be continued to be employed by Lord & Taylor.
decision lord ongoing plan sell taylor today
Today was the day we made the decision that the plan is to sell Lord & Taylor as an ongoing business.
buyer
When we have a buyer for it, we'll be making an announcement.
store
We're still evaluating the store base. We've made no other determinations as of yet.
action best course determine situation studied
We really haven't studied that situation to determine the best course of action.
brings buy lower measure offered pricing simplicity today
That brings a measure of simplicity to pricing and reliability assuring shoppers that what they can buy today will never be offered at a lower price.
believe best course surprised
The announcement may have surprised some people, but we believe it was the best course of action.
analyst data numbers provided until
The analyst numbers all have different data and assumptions in them that we haven't provided until now.
employees hard intention places store work
Our intention is to work hard to find places for our employees at other stores, or the other store in the mall.
work
We have a lot of work to do before we get to that point.
investing return
We know that there is a return on investment. Otherwise, we wouldn't be investing in reinvent.
lots market work
This is a very competitive market place and vendors have lots of options. We're going to work with vendors to make our assortment as distinctive as possible.
close depending generally point sold store time
It will be generally in a 60-day time frame, depending on how the merchandise sells. At the point it is cleared, the store will close and be sold to someone else.
dust happening mind settle year
Do keep in mind that between now and 2006 nothing changes. 2006 will be a year of integration of brands, of divesting stores, etc. There will be a lot happening in 2006 and then the dust will settle in 2007.