This has been expected for a year-and-a-half now. Lee Scott has been with the company, he's very well regarded by the street. This is not surprising and there will be no changes in company strategy.
More Quotes from Richard Church:
There's a lot going right with Wal-Mart. They've also done a lot of good things in terms of improving the presentation and the content of the merchandise in their general stores.Richard Church
You've seen a general malaise in consumer enthusiasm to shopping at malls, so that's been a contributing factor (to lower department store sales) and there's also a bit of malaise in terms of interest in leading (department store) brands. That might be because department stores are getting a little stale and they lack freshness.
Richard Church
They are just executing better. They've got better merchandise, better fashion and better advertising.
Richard Church
We didn't get off to a very good start but we came back and played pretty well that second round. Western Illinois played really well, this is not an easy golf course. We still have a chance tomorrow but things have to go our way.
Richard Church
I was glad to see that match halved because both of those teams shot 59, ... It would have been disappointing to see somebody lose a point to a great round.
Richard Church
Everybody's got to play the same holes. I like to tell the guys that until they let us start playing defense, we're not going to worry about what everybody else does but ourselves. We're not too worried about that.
Richard Church
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Based on Topics: Strategy QuotesBased on Keywords: year-and-a-half
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