Sears February Comparable Sales Decrease 2.0 Percent
Sears, Roebuck and Co. (NYSE: S) announced total domestic store revenues for the four weeks ending March 3, 2001 were $1.97 billion. Comparable domestic store revenues decreased 2.0 percent. Total domestic store revenues decreased 1.5 percent compared to $2.0 billion for the four weeks ending March 4, 2000.
"February proved to be a challenging month with retail sales falling below our expectations, as the impact of the slowing economy was felt across both our hardlines and softlines businesses," said Chairman and Chief Executive Officer Alan J. Lacy. "In the full-line stores, increases in fine jewelry, footwear, and home electronics were offset by decreases across other categories. In our specialty stores, automotive and The Great Indoors posted comparable sales increases for the month."
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 across the country through approximately 860 full-line department stores, approximately 2,100 specialized retail locations, and a variety of online offerings accessible through the company's 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 2001 Domestic Store Revenues $1,967,400,000 2000 Domestic Store Revenues 1,996,600,000 Percent Change (1.5)% Comparable Domestic Stores Percent Change (2.0)%
SOURCE: Sears, Roebuck and Co.
Contact: Peggy A. Palter of Sears, Roebuck and Co., 847-286-8361
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