We have made significant progress in executing our improvement initiatives this year, yet it's clear that we need to move much faster, more aggressively and with more urgency to enhance company performance.
More Quotes from David Edmondson:
At this time the board and I have agreed that it is in the best interest of the company for new leadership to step forward so that our turnaround plan has the best possible chance to succeed, as I know it will.David Edmondson
We believe that the company's strategy is sound. But we must move at a much faster pace with a greater sense of urgency. The poor fourth quarter performance caused us to take a much deeper look at the state of our business and resulted in the launch of a turnaround plan.
David Edmondson
Sales results were good in many low-margin non-wireless categories however, we experienced lower sales in high-margin categories. In addition, wireless sales and profits were below our expectations. The poor fourth quarter performance caused us to take a much deeper look at the state of our business and resulted in the launch of a turnaround plan including the significant fourth quarter inventory write-down.
David Edmondson
The most profitable categories of the business saw a sales decline in the fourth quarter. We saw very significant low-margin category growth, but frankly the dollars were simply not large enough in terms of gross profit dollars to offset the other things that were happening in the business.
David Edmondson
We drove strong sales in satellite radio, MP3 players, and digital imaging three of the categories on which we focused our resources the most during the holiday season. Sales results were higher in these low-margin non-wireless categories however, we also experienced lower sales in high-margin categories.
David Edmondson
Readers Who Like This Quotation Also Like:
Based on Topics: Performance QuotesI suffer every moment of every day that I am not with my son. All I want is to be reunited with my son.
Craig Kelly
You know, I am against lynching and lynching is a tendency of the people.
Jacques Verges
How fortune brings to earth the over-sure!
Petrarch