Calvin: Dad where do babies come from?
Dad: Well Calvin, you simply go to Sears, buy the kit and follow the assembly instructions.
Calvin: I came from Sears?
Dad: No you were a blue-light special at K-Mart - almost as good and a lot cheaper!

Overall, the moderate-priced stores such as J.C. Penney, Sears and Wal-Mart had good traffic levels. We think luxury sales were probably flat this past weekend because more people said they decided to go away on vacation before Christmas this year than last year. So this could have impacted spending on other high-end items.

Even though Wal-Mart is definitely in a better position than most retailers to absorb any shortfalls, others could be in for a very tough period ahead.

I really want to hear him say how he's going to energize Sears. I want to hear what he's going to do differently. I want to hear him say how aggressively he's going to grow Great Indoors and how he's going to get women to come into the store.

Historically, Wal-Mart has only been concerned about the consumer. But 12 years ago, Wal-Mart began to woo the investor and sponsored fieldtrips to their headquarters. These were tremendously successful,

The syndicates take the strip and sell it to newspapers and split the income with the cartoonists. Syndicates are essentially agents. Now, can you imagine a novelist giving his literary agent the ownership of his characters and all reprint, television, and movie rights before the agent takes the manuscript to a publisher? Obviously, an author would have to be a raving lunatic to agree to such a deal, but virtually every cartoonist does exactly that when a syndicate demands ownership before agreeing to sell the strip to newspapers.