It will be generally in a 60-day time frame, depending on how the merchandise sells. At the point it is cleared, the store will close and be sold to someone else.
More Quotes from Jim Sluzewski:
If May is making this decision, I'm sure it's a good one.Jim Sluzewski
We really haven't studied that situation to determine the best course of action.
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We know that there is a return on investment. Otherwise, we wouldn't be investing in reinvent.
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That brings a measure of simplicity to pricing and reliability assuring shoppers that what they can buy today will never be offered at a lower price.
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As we said in making the announcement in September 2005, the company is committed to preserving Marshall Field's traditions -- the Walnut Room, Great Clocks, holiday tree and windows, etc. Crain's is making it sound like there's something more, which is not the case.
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Our intention is we'll sell the business as a whole and presumably, they (workers) will be continued to be employed by Lord Taylor.
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