Sears, Roebuck and Co. (NYSE: S) today announced total domestic store revenues for the four weeks ending November 25, 2000 were $2.75 billion. Comparable domestic store revenues increased 2.8 percent. Total domestic store revenues increased 3.7 percent compared to $2.65 billion for the four weeks ending November 27, 1999.
"Our hardlines business showed continued momentum led by double-digit growth in appliances and sporting goods and solid performance in electronics," said President and Chief Executive Officer Alan J. Lacy. "Apparel also posted an increase for November led by solid increases in women's and intimate apparel, footwear and accessories. The Great Indoors and Automotive delivered double digit sales increases for the month. We are particularly pleased that we entered the holiday season on a high note, posting record sales the day after Thanksgiving."
Sears, Roebuck and Co. is a leading U.S. retailer of apparel, home and automotive products and services, with annual revenue of nearly $40 billion. The company serves families across the country through approximately 860 full-line department stores, more than 2,100 specialized retail locations, and a variety of online offerings accessible through the company's 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 43 Weeks 2000 Domestic Store Revenues* $2,751,900,000 $23,768,100,000 1999 Domestic Store Revenues* 2,653,000,000 22,770,700,000 Percent Change 3.7% 4.4% Comparable Domestic Stores Percent Change 2.8% 3.1% 2000 Total Revenues* $3,663,700,000 $32,522,000,000 1999 Total Revenues* 3,567,900,000 31,220,100,000 Percent Change 2.7% 4.2% * Revenue amounts for both 1999 and 2000 reflect the implementation of the SEC staff accounting bulletin (SAB No. 101) for licensed business revenue.
SOURCE: Sears, Roebuck and Co.
Contact: Peggy A. Palter of Sears, Roebuck and Co., 847-286-8361