38 ordspråk av Alan Lacy

Alan Lacy

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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 port lockout challenges we face in the critical holiday season.

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 arrival, with a sizable improvement over last year.

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 businesses at this time last year,

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 off-mall locations closer to the customer.

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

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

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.

Our offer represents full and fair value for Sears Canada.

Our offer represents full and fair value for Sears Canada. We firmly believe that our offer provides the best alternative for all Sears Canada shareholders and that Sears Canada's current market price reflects unrealistic market expectations for a higher bid.

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.

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.

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 they would be able to get valuable information from that.

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, your weight and different people have different stride patterns.

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 running a week. Good running shoes generally cost from $70- 80 and up.

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

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