Joined: 06 Jul 2003
Posts: 8198
Location: Central CA
| Posted: Sun May 13, 2007 2:58 pm Post subject: Davidowitz Gets Postal on Eddie? | |
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Hoping they do get to put up some links to video clips or transcripts so we can see what old Howard actually had to say in its entirety but in the meantime this might be a site to watch:
HOWARD DAVIDOWITZ JUST DID A TAP DANCE ON EDDIE LAMPERT'S FOREHEAD... Feel free to post a comment. There's already one there that might be of interest and these folks might as well hear it from the horse's mouth instead of whatever part of their anatomy Brathwaite and CE93 talk from. |
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Joined: 12 Mar 2006
Posts: 93
| Posted: Sun May 13, 2007 7:06 pm Post subject: | |
| Will that ever be interesting! Do you think the investors talked about at the stockholders meeting, those who asked all the questions, are aware this is how the business is being run! If not, do you think they will start asking questions at next years meeting? I thought the last comment was insightful "About Lampert's management style and what happens when CPA's start running the business". My cousin back east has been in the steel industry for over 30 years. His company was bought out by bankers about six years ago. He told me "They have no idea how or why the business should be run this way or that way. All they see are the numbers, and it is all they understand or want to understand." They gave him his walking papers two years ago, and after a year passed re-hired him, but of course with no benefits! He agreed to go back only because he knows the reality of things today, and knows the ins and outs of the business so much it is a cake job for him. | |
Joined: 07 Jul 2003
Posts: 764
| Posted: Sun May 13, 2007 7:35 pm Post subject: | |
| Just what questions were asked at the Annual Meeting | |
Joined: 26 Aug 2005
Posts: 1700
| Posted: Sun May 13, 2007 8:36 pm Post subject: | |||
And, once again, none were answered. |
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Joined: 06 Jul 2003
Posts: 8198
Location: Central CA
| Posted: Sun May 13, 2007 9:07 pm Post subject: | |||||
You're right Mags. Once again, there's little to nothing in the way of actual information in the whole bloomin thing that's specific to what they're going to do and more importantly, how they're going to do it. Just more high sounding catch phrases and gibberish. And even that had to be disclaimed: 
Well, duh! Didn't it use to BE that before the bean counters, the hedgies and the shareholders took over? 
You certainly don't make it a great place to work by satisfying the shareholders on the backs of the employees and you don't make it a great place to shop by continually cutting back on service, inventory and cap ex while all the while committing other acts that shrink your customer base, reduce footprints and devastate your market share. That "sales don't matter" stuff will only hold for so long. I want to see what Davidowitz has to say if for no other reason than we need some counter to Cramer and others who have anointed Lampert as the second coming or maybe the first if we're only talking about the world as seen from the tower offices on Wall Street. |
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Joined: 06 Jul 2003
Posts: 8198
Location: Central CA
| Posted: Sun May 13, 2007 9:35 pm Post subject: | |
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Well rats!!! I owe all you folks an apology. Seems what I thought was big news is actually old dish from 2005. I am embarrassed and beg your humble pardon.
I usually don't make this kind of mistake when dealing with actual newspaper stories which usually contain a dated byline but in surfing blogs this morning, I got stung by failing to notice the date on the article, that I was quoting from a two year old story and assuming it was new because it had never been followed up on. A stupid thing to do and I sincerely apologize. |
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Joined: 29 Mar 2006
Posts: 1413
Location: Ontario, Canada
| Posted: Sun May 13, 2007 10:18 pm Post subject: | |
| Don't fret it Nofsdad. We, as Sears Associates, are accustomed to our hopes been crashed! It is however, a real shame that it was never followed up on in an appropriate time frame.... | |
Joined: 18 Dec 2006
Posts: 241
| Posted: Mon May 14, 2007 2:23 am Post subject: | |||
Just goes to show how many are falling to believe SHC is really going somewhere, with the lack of up-to-date Anti-Lampert material there is on the WWW, that isn't linked in some way to "one of these sites." Cramer may be the Head Lampert Cheerleader, and Lampert sure as hell has got his own squad with numerous members, not all known to the common fool. The stagecrew is running a show for Lampert which isn't even a real show. I am on the verge of leaving Sears--or being told that my services are no longer needed. I lean towards the latter with all my recent threats from my "coaches." I am one of the most demanded salepeople in 9/6/71, yet get ridden on everytime I don't get a PA. My Store "Coach" even had the nerve to call me up to her office and interrogate me as to why I am not meeting PA and Credit Parity. Ironically, he/she had only highlighed the areas on my coaching report where I was doing bad, and failed to pay attention to my positive areas. I have exceeded MRA Parity every month since the beginning of time. And I'm sure as hell, I would be gettin' it if I was below parity of MRA's. I have been informed that there is people willing to take my job. That is true. They aren't appying at Sears though. Sears' abilities to effectivly recruit new employees is at a devistating state, and people not even qualified to work at one of Al's 'ol Taco Bell's are getting jobs, which at one point, were very valuable and profitable jobs. IMO, everything said about PA's in the past week is very true. About a year ago, I was up in our HUB making signs. My boss, the HI-ASM, called a customer who had recently purchased a Zero Turn Tractor from a "new" associate. This customer however, made the choice not to buy the PA. My boss nagged the customer, at least 15 minutes, until they finally agreed to buy it. I can only imagine my boss has pulled this trick many times. And always, whenever my boss pulls that trick, he/she rings the PA under his/her number, to genetically alter and inflate his/her PA % just to have the highest PA % in the district. This same manager is someone who signs people up for 3 credit cards at once, and doesn't let them get a damn clue as to what they are getting into. Let them play their games, as we all know, time will catch up with them, and their useless talent will go to shame. |
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Joined: 08 Jul 2003
Posts: 6002
| Posted: Mon May 14, 2007 5:54 pm Post subject: The lead post says it all | |
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The PA post says it all even if it was an older thread:and unfortunetly it stands the test of time.
On PAs,one of the things these alleged coaches and/or SGMs fail to understand is their business/retail;you must spell it out for them like giving a child a list of chores to do.But since most have the attention span of a paper clip that is why they'll be stomping their feet and harassing the employees like a child asking 'are we there yet' every five minutes. Miner's 'services are no longer needed'-hmmm,so next time a CAC calls in sick and they pull one from HI or another cashwrap refers customers to the HI cashwrap for a bill payment or to ring up clothing I guess Miner doesn't have to take it.Or the next time customer comes back with a mangled sale from an untrained new hire I guess Miner doesn't have to fix it then. I thought Sears is "where it begins" and not ends by ignoring/alienating a NON PA buying customer to the point where they go to the competition. Last edited by dictators_rule on Mon May 14, 2007 7:30 pm; edited 1 time in total |
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Joined: 06 Jul 2003
Posts: 8198
Location: Central CA
| Posted: Mon May 14, 2007 7:05 pm Post subject: | |
Actually, I made that comment about the PAs, thinking I was responding to a current thread. The blog owner stated that it was still spot on though, so I'm feeling a little better about the goof. 
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Joined: 19 Oct 2003
Posts: 2801
| Posted: Mon May 14, 2007 11:14 pm Post subject: | |||
Look at SSS, I think it already has! |
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Joined: 18 Dec 2006
Posts: 241
| Posted: Mon May 14, 2007 11:19 pm Post subject: | |||||
....yes but also the useless tactics of high-pressured PA sales are useless to Lowes and Home Depot |
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Joined: 19 Oct 2003
Posts: 2801
| Posted: Tue May 15, 2007 8:44 pm Post subject: | |
| We at Lowes are NOT high pressure. It is not a PANIC button at our store, when we have our weekly managers meetings it is just another number when the VITAL stats are read. The MOST important number to us is SSS and making budgeted sales!.......Again it's SALES, SALES, SALES and customer count. we monitor customer count also. each week the transactions are recorded and it's part of the VITAL STATS report. | |
Joined: 26 Aug 2005
Posts: 1700
| Posted: Tue May 15, 2007 9:11 pm Post subject: Re: The lead post says it all | |||
EXACTLY why I don't even play with the idea of tromping in our local store. I DO like my Kenmores... but I WILL not be sucked on for a PA. I'll just take my money somewhere else... Like the Base Exchange. Bought my Kenmore washing machine there a couple of months ago. Great Product. Not a single person pushing a PA. |
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Joined: 26 Aug 2005
Posts: 1700
| Posted: Tue May 15, 2007 9:14 pm Post subject: | |||
Plan on breathing for a long long time, Nofs.
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Joined: 28 Apr 2005
Posts: 2056
| Posted: Tue May 15, 2007 9:41 pm Post subject: | |||
Apparently Lowes hasn't adopted Sears math, where a 90% margin on ten dollars in sales is better than a 20% margin on a hundred. It's good to see there is still some common sense in the retail business. |
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