2009 ANNUAL REPORT Sears Canada Inc. TABLE OF CONTENTS 1 2 5 6 7 9 52 53 54 55 Financial Highlights/Common Share Market Information Letter to Our Shareholders Letter from the Chief Financial Officer Eleven Year Summary Quarterly Summary Management’s Discussion and Analysis Management’s Responsibility for Financial Statements Auditors’ Report Consolidated Statements of Financial Position Consolidated Statements of Earnings and Comprehensive Income / Consolidated Statements of Retained Earnings
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Sears continued to grow throughout the early 1900’s. Nevertheless‚ in 1907‚ there was another downturn in the economy and Sears sales constricted for the first time (Bean‚ 2010). Sears wanted to expand operations in an effort to combat the economic depression‚ but Rosenwald and other business associates disagreed. According to Bean (2010) Sears felt like an outsider‚ so in 1908‚ he elected to resign as president and sold his share of the company for $10 million dollars. Even with the exit of Sears
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Sears‚ Roebuck and Co. vs Wal-Mart Stores Case Background Sears‚ Roebuck and Co. Wal-Mart Stores Started as a company dealing in catalogue sales Diversification into 3 types of business – Retail‚ Service and Credit Retail store types – Full line stores‚ Auto stores‚ Home and lifestyle stores Started as a franchisee type variety store Primarily Retail business – Discount stores‚ Supercenters‚ Sam’s club warehouses Focus on price conscious consumers Comparison of Retail Strategy
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Harrington Collection Sizing Up the Active-Wear Market Marketing Management 1. What is your evaluation of the women’s apparel industry and Harrington’s position? How has the average price of women’s apparel changed? What is your evaluation of their financial performance? The Women’s Apparel Industry The U.S. women’s apparel industry market is mature‚ given that the average growth rate from 2005 to 2007 was 4.66%. Within the industry‚ there are 6 categories of clothing in which
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presented on the Analysis for ROE with regards to Sears of 51.4% for 1996 and of 22% for 1997 are deceiving. Even though they are shown above the ones from Wal-Mart of 35.7 % for 1997 and 19.8 % for 1998 this doesn’t mean they have a healthier financial and more stable company than Wal-Mart. When we take apart the ROE number into its parts we can see a really high leverage from Sears. Wal-Mart with just a few points below the ROE from Sears when analyzed seems more solid and stable. Lets remember
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Question 1) Identify the ethical issues using a consequentialist and a deontological perspective. Using a consequentialist perspective‚ I can understand to a certain degree why Sears implemented their new productivity incentive plans in all of their auto centers. This approach focuses on the results‚ or consequences‚ of the action or decision. Upper management’s primary goal was to increase profits as much as possible after years of declining sales and profits. In order to achieve this result
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Synopsis Sears‚ the well known department store chain has experienced change more often than ever in the recent times. The company went through the change in order to strengthen its traditional business and divest other retail segments. But each and every time the change program proved to be ineffective looking at it from long term perspective. 2. Issues The major issues of the case are: • Was it a good idea to appoint someone who is not from the company itself to the post
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new and improved services increases for essential services like closet to the citizens. According to Wakhisi (1994)‚ it was stated that the council should seal all loopholes to enable them become financially stable by intensifying their revenue collection to effectively provide the services required to both the workers and citizens at large. The availability‚ control and use of finance are at the core of any organization existence‚ and least local authorities‚ in their public service delivery role
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Volkswagen: Their Strategy 2018 focuses on positioning the Volkswagen Group as a global economic and environmental leader among automobile manufacturers. They have defined four goals that are intended to make Volkswagen the most successful and fascinating automaker in the world by 2018: Volkswagen intends to deploy intelligent innovations and technologies to become a world leader in customer satisfaction and quality. The goal is to increase unit sales to more than 10 million vehicles a year; in
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TABLE OF CONTENTS I. Title Page II. Introduction III. Abstract IV. Discussion V. Conclusion and Recommendation VI. Reference ABSTRACT When assessing lending proposals banks apply certain general principles of good lending‚ often referred to as the canons of lending. Although not all of the principles can be applied by corporate credit managers to requests for trade credit‚ most are generally applicable. They provide an excellent framework for assessing all credit
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