Sears January Comparable Store Sales Decrease 3.4 Percent
Sears, Roebuck and Co. (NYSE: S) today announced total domestic store revenues for the four weeks ending February 2, 2002 were $1.69 billion, a 2.3 percent decrease compared with the four weeks ending February 3, 2001. Comparable domestic store revenues decreased 3.4 percent.
"January sales results were soft compared to last year, reflecting a decrease in promotional and clearance activity as a result of our improved inventory position entering the year," said Chairman and Chief Executive Officer Alan J. Lacy.
Lacy added that full-line store merchandise categories that performed well included home fitness equipment, projection televisions and high efficiency laundry products. Apparel revenues continue to be sluggish, however, off-mall formats performed well with solid sales increases posted by both hardware and dealer stores.
Sears, Roebuck and Co. is a leading U.S. retailer of apparel, home and automotive products and services, with annual revenue of more than $40 billion. The company serves families in the U.S. through Sears stores nationwide, including approximately 870 full-line stores. Sears also offers a wide variety of online offerings accessible through its Web site, http://www.sears.com/ . The company makes available by phone a recorded message on sales performance of its domestic stores. The message is updated weekly and can be heard by calling (847) 286-6111.
Sears, Roebuck and Co.
4 Weeks 52 Weeks
2001 Domestic Store Revenues $1,688,500,000 $29,512,900,000
2000 Domestic Store Revenues 1,729,100,000 30,088,600,000
Percent Change -2.3% -1.9%
Comparable Domestic Stores Percent
Change -3.4% -2.6%
SOURCE: Sears, Roebuck and Co.
Contact: Media, Peggy A. Palter of Sears, Roebuck and Co.,
+1-847-286-8361
Website: http://www.sears.com/