Sears, Roebuck and Co. today announced total domestic store revenues for the four weeks ending October 28, 2000 were $2.20 billion. Comparable domestic store revenues increased 3.0 percent. Total domestic store revenues increased 4.1 percent compared to $2.11 billion for the four weeks ending October 30, 1999.
"Hardlines continued to show solid increases led by double-digit growth in sporting goods, strong increases in appliances and solid performance in electronics," said President and Chief Executive Officer Alan J. Lacy. "Apparel also delivered an increase for the month, experiencing double-digit increases in footwear and fine jewelry, while women's and children's apparel posted solid sales increases. Automotive, dealer stores and The Great Indoors also reported strong sales."
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 39 Weeks 2000 Domestic Store Revenues* $2,199,300,000 $21,016,200,000 1999 Domestic Store Revenues* 2,112,700,000 20,117,700,000 Percent Change 4.1% 4.5% Comparable Domestic Stores Percent Change 3.0% 3.1% 2000 Total Revenues* $3,079,200,000 $28,858,300,000 1999 Total Revenues* 2,960,700,000 27,652,200,000 Percent Change 4.0% 4.4% *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 & Co.
Contact: Media, Peggy A. Palter of Sears, 847-286-8361