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Alan Lacy  Quotes
They should start very slowly and build up. They probably should have a physical examination, especially if they are older. For students, taking a running or a walk-jog class wouldn’t be a bad idea because...

—Alan Lacy

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An economy that was clearly bad has gone to worse after those (Sept. 11) tragedies took place,

—Alan Lacy

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Economy
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While revenues are lower, we continue to be pleased with the progress we are making on our repositioning and restructuring initiatives, … In particular, our focus on gross margins and productivity improvements continue to contribute...

—Alan Lacy

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Progress
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That really is the only piece of equipment that you need for running. The shoe all depends on the person because there are all different kinds of shoes and it depends on your foot size,...

—Alan Lacy

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Running
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We knew that this would be our toughest quarter as we reached the height of our reposition efforts, … This is a difficult environment with the possibility of war with Iraq and the West coast...

—Alan Lacy

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We are moving away from a traditional department store business model. That has to change,

—Alan Lacy

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Business
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In what is traditionally a clearance month, sales were up in our principal clothing categories, with women’s ready to wear, children’s and men’s apparel all reporting sales gains, … Outerwear finally benefited from winter’s late...

—Alan Lacy

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Sales
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If you go to a local running store, such as Often Running, they can do a good job at fitting shoes according to the type of person you are and how many miles you are...

—Alan Lacy

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Running
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Kevin left the company at my request because I lost confidence in his personal credibility, … His departure is not related to business performance and does not constitute a change in credit strategy.

—Alan Lacy

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Company
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We’ll emphasize better classic apparel while highlighting our strong appliance, electronics and home improvement merchandise,

—Alan Lacy

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Home
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We anticipated August would be a tough comparison for Sears from 2003, in part because of the absence of tax refunds this year, and the strong performance of our home appliance and lawn and garden...

—Alan Lacy

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Absence
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We are concerned that speculation reported in the press may be misleading the market regarding our intentions.

—Alan Lacy

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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

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Sales
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While revenues continue to be soft, our focus on gross margin, inventory levels and operating expenses is driving substantial profit improvement,

—Alan Lacy

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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...

—Alan Lacy

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Service
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The Great Indoors is a viable, important format that has always resonated with customers. The business continues to hold great promise.

—Alan Lacy

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Business
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If people can’t pay the credit in 180 days, and these are people who would pay in the 240 days they get from Sears, that would affect them,

—Alan Lacy

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People
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As in the second quarter, we have been able to weather the difficult top-line environment by effectively managing our retail operating expenses and inventories. ‘ We are also pleased to have achieved continued gross margin...

—Alan Lacy

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The Sears Holdings proposal represents an excellent opportunity for Sears Canada shareholders to realize a premium and liquidity for their shares.

—Alan Lacy

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Canada
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Our credit business contributed very strong growth in operating income, … We are pleased with the quality of our credit portfolio and our ongoing productivity improvements.

—Alan Lacy

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Business
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further refine its core business strategy.

—Alan Lacy

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Business
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While we would prefer to own 100 percent of Sears Canada, we are committed to increasing our ownership through this offer in any case.

—Alan Lacy

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Canada
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The Great Indoors clearly is geared around home remodeling, re-decorating, so to some extent there’s more economic linkage there than just daily life. But there’s an awful lot of fashions and soft elements to this...

—Alan Lacy

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Home
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On a stand-alone basis, Sears Canada’s retail business faces an increasingly competitive retail environment in Canada, and the principal factor that will determine the value of this business is the prospects for its retail operations.

—Alan Lacy

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Business
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We believe that most Sears Canada shareholders will agree that $16.86 is a fair price and will tender their shares to our offer once it is formally made.

—Alan Lacy

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Canada
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We recognize that we really don’t make enough money in our retail business, … If you look just at our retail segment we’re not happy with our retail performance here.

—Alan Lacy

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Business
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Given the slowing economic environment, 2001 will be a challenging year, particularly in the first half, … We are very focused on delivering solid profit growth for the year…Income growth combined with our share repurchase...

—Alan Lacy

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Environment
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Our offer represents full and fair value for Sears Canada.

—Alan Lacy

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Canada
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We think in terms of pricing and assortment we have very good offerings, … But we have not been able to break through consumers minds in terms of value perception.

—Alan Lacy

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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...

—Alan Lacy

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We believe that Sears Canada shareholders should consider the actions of the senior management and the largest independent shareholder when making a decision with respect to whether to tender their Sears Canada common shares.

—Alan Lacy

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Our actions reflect our heightened focus on productivity and returns. We will continue to identify opportunities to more effectively deploy resources and enhance overall company profitability of Sears off-the-mall businesses,

—Alan Lacy

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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

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Business
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We are extending our offer to provide shareholders with a continued opportunity to tender to our $16.86 offer, which we believe represents a full and fair price.

—Alan Lacy

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Opportunity
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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

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Business
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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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