Jim Sluzewski
Jim Sluzewski
proof
The proof will be in the integration of the transition.
fall stores
Federated will be converting the stores in fall 2006.
business ongoing
At this point, it's an ongoing store. Business as usual.
behave customers full online sensory shopping stores testing
Customers behave a little differently online than in the stores. Shopping in stores is a full sensory experience. So if you're testing something for stores, you'd want to test it in the in-store environment.
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.
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.
certain executives exercise periods stocks time trade
There are only certain windows, certain periods of time when executives can trade stocks and exercise options.
answer customer itself lends practical realistic serves
The practical answer there is no. Bloomingdale's serves a customer that lends itself to a different kind of market. I don't think that's a realistic possibility.
best deal identified stores
We're swapping 12 stores for 12 stores. We'd identified 13 of the 15 for divestiture. This was the best deal for the properties.
letting studying
We're studying the brand, and when we make some decisions, we'll be letting the world know.
employees jobs northeast offer ohio people store stores within
We are working with the employees and will offer jobs within the store or in our other stores in northeast Ohio to as many people as possible.
department people sales shopping stores year
When people say to me, 'Why aren't people shopping in department stores anymore?' I tell them our sales this year will be $27 billion, which is a lot of shopping in department stores.