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  • Manuel_Dexterity Manuel_Dexterity Jul 26, 1999 11:05 AM Flag

    Arts'U of F speech in ChainStoreAge

    A lot of what is going on at Sears smells a lot
    like Wards a couple of years ago, crank up the credit
    machine, drive sales to lower quality credit risks,
    concentrate on selling add ons that may not be in the
    consumer's best interest, (like Wards credit security plan).
    The only diff is that GE has the credit card
    portfolio for wards, and wards couldn't hide behid the
    temporary uplift in income, GE got it.

    Same problems
    as wards? Tired malls, no differentiation. When will
    the Board see that Martinez is not and cannot be a
    merchant? That is what this company needs.

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