Sears October Comparable Store Sales Decrease 4.4 Percent
Sears, Roebuck and Co. (NYSE: S) today reported total domestic store revenues for the four weeks ending November 3, 2001 were $2.15 billion, a 3.4 percent decrease compared with the four weeks ending November 4, 2000. Comparable domestic store revenues decreased 4.4 percent.
"We continue to see the impact of the weakened economy and sluggish consumer confidence in our sales results," said Chairman and Chief Executive Officer Alan J. Lacy. "Our full-line stores experienced strong comparable store sales increases in appliances, lawn and garden and fitness equipment. These increases were offset by weakness across most softlines categories. In our off-mall formats, dealer and hardware stores both delivered strong 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, 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 39 Weeks
2001 Domestic Store Revenues $2,152,600,000 $20,783,500,000
2000 Domestic Store Revenues 2,227,900,000 21,249,900,000
Percent Change -3.4% -2.2%
Comparable Domestic Stores Percent Change -4.4% -2.7%
SOURCE: Sears, Roebuck and Co.
Contact: Media, Peggy A. Palter of Sears, Roebuck and Co.,
+1-847-286-8361
Website: http://www.sears.com/