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.
More Quotes from Richard Hastings:
With Christmas Eve falling on a Friday, sales have the potential of being very intense.Richard Hastings
The additional cash on the balance sheet from the asset sales will put Kmart in a position to further reduce debt and possibly buyback more shares in a move that could boost share prices further, ... At the same time, the big cash position will enable management to look at an attractive range of choices, including the possibility at some point in the future of a major acquisition.
Richard Hastings
Their third-quarter profit was supported by a really solid quarter at Sam's Club. This shows again why Sam's matters so much to Wal-Mart's consolidated profitability, ... Smoother performance at Sam's has been a big plus recently, and it has to hold up in order to offset the rising influence of supermarket margins from the other division.
Richard Hastings
Management has been defending the brand. If we look at the last six years, it's become clear that they have made no progress.
Richard Hastings
The pundits that said department stores are dying are wrong, ... This is a different channel. What you get there, in terms of brands and variety, you can't get elsewhere. There's no substitutability.
Richard Hastings
We believe Lewis is the better person to lead a customer-centric business,
Richard Hastings
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