We remain concerned with the company's longer-term positioning, given its choppy sales showing despite significant store-level investment, and its poor return on capital. The majority of its remodeled stores should have yielded their most significant same-store sales impact in 2002, and we see few tangible growth drivers ahead.
Quotes about store-level (3 Quotes)
They're paying attention to their problems. They are aware that when it comes to store-level execution there are problems and they're paying attention to it.
Clearly, there are some overtones for the industry, but I think largely Wal-Mart has some of its own issues. I think they are still very sloppy with store-level execution.