Sears November Comparable Store Sales Decrease 1.3 Percent

Sears, Roebuck and Co. today announced total domestic store revenues for the four weeks ending December 1, 2001 were $2.86 billion, flat compared with the four weeks ending December 2, 2000. Comparable domestic store revenues decreased 1.3 percent.

"Our results for the month were slightly better than expected, and we were particularly pleased with our results in the latter part of the month as the holiday shopping season began," said Chairman and Chief Executive Officer Alan J. Lacy. "Our full-line stores experienced strong comparable store sales increases in several categories, including appliances, electronics, lawn and garden and home fashions, as well as solid sales increases in footwear. These increases were offset by weakness across the apparel categories, particularly in seasonal merchandise. In our off-mall formats, dealer stores and The Great Indoors both delivered double-digit sales increases, while hardware stores showed solid sales increases."

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 860 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           43 Weeks

  2001 Domestic Store Revenues              $2,856,800,000   $23,640,300,000
  2000 Domestic Store Revenues               2,858,100,000    24,108,000,000
  Percent Change                                      0.0%             -1.9%
  Comparable Domestic Stores Percent Change          -1.3%             -2.5%


SOURCE: Sears, Roebuck and Co.

Contact: Peggy A. Palter of Sears, Roebuck and Co., +1-847-286-8361


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