Sears has had a very different problem from Kmart, ... Our service and products are as good as our competitors but they're not where our customers are. This now gives us the opportunity to grow off-mall locations closer to the customer.
More Quotes from Alan Lacy:
Our offer represents full and fair value for Sears Canada.Alan Lacy
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,
Alan Lacy
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.
Alan Lacy
We are pleased that sales in core businesses such as lawn and garden, tools and apparel have shown signs of strengthening, especially considering the difficult economic environment,
Alan Lacy
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,
Alan Lacy
We're acquiring a great brand, and introducing it into our stores will attract new shoppers... who will connect with our apparel departments better than they would have in the past,
Alan Lacy
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