Alan Lacy Retail Quotations

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 expansion in the third quarter,

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.

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.