This excerpt taken from the SMRT 10-K filed Apr 17, 2008.
We are working to keep our overall inventories down.
We are seeking out the more opportunistic purchases in fashion apparel, and will be pursuing them more vigorously than we have in recent years.
We are expanding our assortment of brand-name merchandise.
We are looking to intensify our accessory area by testing self-service jewelry displays as opposed to attended counter displays, testing fragrances in limited
doors, as well as adding square footage to this core area of the store.
We are experimenting with restoring certain highly focused elements of childrens clothing in 40 stores where we believe its absence may have contributed to
We are refocusing our home area to be more promotional and giftable.
We have intensified our focus on a subset of our ladies business that we think has strong growth possibilities: a more fashion conscious customer who has a
younger attitude but prefers a missy fit.