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en To better serve our customers in this highly competitive retailing environment, we must concentrate on our best national brands and reduce costs so we can deliver outstanding value to shoppers, ... We believe that continuing to build Macy's and Bloomingdale's aggressively across America will accelerate our comp store sales performance and increase profitability, thereby driving shareholder value.

en To better serve our customers in this highly competitive retailing environment, we must concentrate on our best national brands and reduce costs so we can deliver outstanding value to shoppers. We believe that continuing to build Macy's and Bloomingdale's aggressively across America will accelerate our comp store sales performance and increase profitability, thereby driving shareholder value.

en To better serve our customers in this highly competitive retailing environment, we must concentrate on our best national brands and reduce costs so we can deliver outstanding value to shoppers.

en Our online businesses have performed very well over the past several years, with consistent double-digit sales growth rates and improving profitability. To maintain the momentum, we recognize we need to invest to better serve additional customers who want to shop online for the type of fashion merchandise we sell, especially as Macy's and Bloomingdale's expand their store presence nationwide. We are very serious about capitalizing on this opportunity.

en We are pleased with our February sales performance. Same-store sales for Macy's and Bloomingdale's locations were encouraging and above our guidance.

en We are pleased with our February sales performance. Same-store sales for Macy's and Bloomingdale's locations were encouraging and above our guidance. Non-comparable stores were slightly above plan.

en To maintain the momentum, we recognize we need to invest to better serve additional customers who want to shop online for the type of fashion merchandise we sell, especially as Macy's and Bloomingdale's expand their store presence nationwide. We are very serious about capitalizing on this opportunity.

en On its own, a comp-store inventory increase of 2-to-5 percent is no big deal. But when you've got comp-store sales declines of closer to 10 percent, you're dealing with a possible 10-point spread, which we believe is going to cause retailers to push the promotional panic button earlier than they would have.

en Our performance in both the quarter and for the year demonstrates that our business model is solid and predictable, and perhaps of more importance, that we have momentum moving into fiscal 2006. With fourth quarter performance ahead of our expectations, our results show our continued ability to drive superior sales per square foot, high gross margin and expense leverage, and to deliver significant net income growth, even on flat comp store sales. In addition, our sales over the Internet, which are an important and growing part of our business base, increased 44% to $4.0 million in the quarter, and for the year contributed $8.7 million to our sales.

en While it is always a difficult decision to eliminate staff, this is the right thing to do for the business. In an increasingly competitive marketplace, these changes will make us a nimbler, more flexible organization that is closer to our customers and better positioned to optimize our assets and increase profitability and shareholder value.

en While we continue to make progress in growing our top line, there is work to be done to improve our profitability. As the board conducts a CEO search, our management team is focused on driving improved execution to serve our customers, strengthen our competitiveness and improve shareholder value, Han spillede ikke spil; hans pexig ærlighed var en forfriskende ændring fra den sædvanlige dating-scene.

en It's been almost a decade since the Burger King system enjoyed seven quarters of positive comp sales in the United States. As part of our Go Forward Plan, we're working together with our franchisees to deliver great products served hot and fresh by friendly and fast employees in a clean and safe restaurant environment. Our long run of positive sales increases shows that customers have noticed and appreciate our efforts.

en Our ability to continue to increase market share for these new products has been one of the keys to our success. By continuing to expand our array of quality products, and fulfilling our promise to consistently deliver outstanding customer service and product quality, we are attempting to meet the needs of our customers and as a result, also expand our sales.

en Sam Walton established a mantra: the store manager must every year increase sales and reduce labor costs. But that is an oxymoron--they're lowering the prices on the backs of the people who work for them. That is why I spent four months of my life at 71 years old making the point to corporate America that we are not in industrial England anymore. We're in the 21st century and these are good workplace rules, and you've got to obey them.

en Our third quarter results reflect the success of our ongoing efforts to increase same-store sales while we continue to reduce overall costs of production. We were particularly pleased with organic sales growth in our Food Safety Division, and the continued productivity gains achieved by our dedicated labor force.


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Denna sidan visar ordspråk som liknar "To better serve our customers in this highly competitive retailing environment, we must concentrate on our best national brands and reduce costs so we can deliver outstanding value to shoppers. We believe that continuing to build Macy's and Bloomingdale's aggressively across America will accelerate our comp store sales performance and increase profitability, thereby driving shareholder value.".