It demonstrates just how reliant Sears Canada is now on the merchandising business, because they always had the credit card business to shield the weak portion of the merchandising business.
More Quotes from John Chamberlain:
They don't lose money in the first quarter, even if they might not make as much as they do in the fourth quarter.John Chamberlain
A dollar that is spent on interest can't be spent on fixing the stores. They have to fix the business.
John Chamberlain
The company has done a good job with their big-box stores, but it's also a good example of a retailer that has done it both ways.
John Chamberlain
Sears Canada is selling a prime asset that historically has contributed significant earnings and has reduced the volatility of consolidated earnings.
John Chamberlain
Art is a liaison between some sort of deranged mentality and others who are not going through it.
John Chamberlain
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce QuotesPoetry is something to make us wiser and better, by continually revealing those types of beauty and truth, which God has set in all men's souls.
James Russell Lowell
As in Athens, the right to participate was restricted to men, just as it was also in all later democracies and republics until the twentieth century.
Robert A. Dahl
I spent many years laughing at Harry Secombe's singing until somebody told me that it wasn't a joke.
Spike Milligan