Lee Scott
Lee Scott
american-businessman hard
It's hard for us in our stores to be a leader in technology.
allow american-businessman beauty country exist fact great nature people
The beauty of this country and what people participate in is the competitive nature that we allow to exist and the fact is that we are better because we have great competitors.
american-businessman cost harm settling totally
Where we're not wrong or where the cost of settling is so much that it is totally disproportionate to the harm or the error that we made, we're not going to settle.
add american-businessman anyway bunch cause people rules store struggling work worse
You can't take a store that is a struggling store anyway and add a bunch of people and a bunch of work rules that cause you to even be in worse shape.
billion earnings environment excess net pleased quarter report retail year
In a challenging retail environment, I am pleased to report our first year with net earnings in excess of $6 billion and our first-ever quarter with earnings over $2 billion,
less sell spending
You can't sell for less if you're spending more,
cautious consumer improvement remain seems until
The consumer still seems to us to be very cautious and probably will remain so until we see improvement in employment,
american-businessman businesses employed individual million people small
If you had all the small businesses who employed 1.5 million people collectively, would there be individual instances of issues?
american-businessman criticism good negative opportunity press
If anything, the negative press and the criticism take away the opportunity to feel as good as you can feel about your employment.
american-businessman articles local positive stores voted
Because in our clippings I see a lot of articles that are very positive about all the stores that are voted by local communities.
american-businessman combining interface next products stores
More and more, more and more digital, in particular, I think you'll see in our stores next year, as we start combining these digital products and they interface with each other, you'll see that represented in Wal-Mart.
appears concern customer economic employment erase income inflation oil portion prices
Inflation in the U.S. appears to be well under control, ... The only real economic concern I have is that oil prices will erase improvements in employment and real income for an important portion of our customer base.
ability apply assignment best brought confidence couple delegate develop exactly last management mike needed operations opportunity overseas people promote responsibility skills
Mike has brought to the U.S. operations exactly what was needed during the last couple of years. Mike has the ability and the management confidence to delegate responsibility to the best people in his organization, and develop and promote them. This new assignment will give us the opportunity to apply those skills to our overseas operations.
continues economy forward help holiday improve lower quarter record sales satisfied successful
Our sales were lower than we are satisfied with but the economy continues to improve and we are well positioned for the holidays. With the help of our associates, I look forward to another record quarter and a successful holiday season,