Alan Lacy
Alan Lacy
believe best canada current fair firmly full higher market offer price provides reflects represents value
Our offer represents full and fair value for Sears Canada. We firmly believe that our offer provides the best alternative for all Sears Canada shareholders and that Sears Canada's current market price reflects unrealistic market expectations for a higher bid.
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,
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,
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.
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.
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,
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,
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.
according cost fitting generally good job local miles running shoes type
If you go to a local running store, such as Often Running, they can do a good job at fitting shoes according to the type of person you are and how many miles you are running a week. Good running shoes generally cost from $70- 80 and up.
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.
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.
bad clearly economy gone took tragedies worse
An economy that was clearly bad has gone to worse after those (Sept. 11) tragedies took place,
business continues format great hold indoors
The Great Indoors is a viable, important format that has always resonated with customers. The business continues to hold great promise.
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.