Sears May Comparable Sales Decrease 3.3 Percent
Sears, Roebuck and Co. (NYSE: S) announced total domestic store revenues for the four weeks ending June 2, 2001 were $2.30 billion. Comparable domestic store revenues decreased 3.3 percent. Total domestic store revenues decreased 2.8 percent compared to $2.37 billion for the four weeks ending June 3, 2000.
"May was another challenging month as the slowing economy continued to affect sales and cooler weather discouraged consumers from purchasing seasonal items. We did, however, see a solid increase among our specialty store formats led by strong sales increases from Sears Automotive Group and solid Hardware store increases," said Chairman and Chief Executive Officer Alan J. Lacy. "While Full-line stores sales were down, major appliances continued to be a bright spot registering solid 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 throughout the country through approximately 860 department stores, more than 2,100 specialized retail locations, and a variety of online offerings accessible through the company's Web site, 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 17 Weeks
2001 Domestic Store Revenues $2,302,600,000 $9,055,900,000
2000 Domestic Store Revenues 2,369,900,000 9,253,900,000
Percent Change -2.8% -2.1%
Comparable Domestic Stores Percent Change -3.3% -2.5%
SOURCE: Sears, Roebuck and Co.
Contact: Peggy A. Palter of Sears, Roebuck and Co., 847-286-8361
Website: http://www.sears.com/