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, . 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.,


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