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Author: Ahlzfare Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 71  
Subject: Re: name change Date: 10/4/2001 10:15 AM
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Being familiar with "Wooly's" corporate culture, I dumped this stock some time ago in favor of GSPT and TSA. Corporate name changes can (sometimes) have a short term impact on stock, but they never have any impact whatsoever upon retail image/sales. With the kind of root level management problems inherent in this company after years of inbreeding and picking up executives and managers that have been cut by other companies, decisions are made years too late and by old boys (never women, mind you) that come from places like... Graebel Van Lines?

Wooly's only chance for domestic market share growth had been via their direct marketing arm, and that is now ashambles since their past CEO (one of Hilpert's last acts) inserted one of his failed private label VPs (their wives were best friends) as a second CEO of FootLocker.com. That's right, one of their smallest divisions basically has two CEOs -- along with two operations managers, three merchandising managers, two business managers, and God knows how many IT managers. Believe me, this place doesn't have an original thinker left. There's no room for that when you're paying so many clones.

GSPT and TSA are about to pound Venator to death, and it's gonna be a good ride. I recommend jumping on.
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