Sears, Roebuck and Co. (NYSE: S) announced today that comparable domestic store revenues increased 1.3 percent for the four weeks ended Feb. 26, 2005. Total domestic store revenues were $1.78 billion for the four-week period in February 2005, up 2.2 percent compared with the four weeks ended Feb. 28, 2004.
"We were pleased with our February sales results," said Sears Chairman and CEO Alan J. Lacy. "Home appliances and automotive continued their positive momentum and most categories within apparel performed well, with particularly strong improvement in women's ready-to-wear."
Specialty retail sales also improved in February, with The Great Indoors, Dealer Stores, Sears Hardware and Orchard Supply reporting strong revenue growth.
Sears, Roebuck and Co. Domestic Store Revenues & Comparable Store Revenues (*According to National Retail Federation Fiscal Calendar.) (**A store is considered to be comparable at the beginning of the 13th month after the store is opened.) Fiscal Period Ending Percent Change February 26, February 28, All Comp 2005 2004 Stores Stores** February $1,780,400,000 $1,741,700,000 2.2% 1.3% Year-to-Date* $1,780,400,000 $1,741,700,000 2.2% 1.3%
The company has made available by phone a recorded message on sales performance of its domestic stores for February 2005. The message can be heard by calling (847) 286-6111 and will be available for approximately one week.
Sears, Roebuck and Co. is a leading broadline retailer providing merchandise and related services. With revenues in 2004 of $36.1 billion, the company offers its wide range of home merchandise, apparel and automotive products and services through more than 2,400 Sears-branded and affiliated stores in the U.S. and Canada, which includes approximately 870 full-line and 1,100 specialty stores in the U.S. Sears also offers a variety of merchandise and services through sears.com, landsend.com and specialty catalogs. Sears is the only retailer where consumers can find each of the Kenmore, Craftsman, DieHard and Lands' End brands together -- among the most trusted and preferred brands in the U.S. The company is the largest provider of product repair services with more than 14 million service calls made annually.
SOURCE: Sears, Roebuck and Co.
CONTACT: News Media Contact, Edgar P. McDougal, +1-847-286-9669, or
Investor Contact, Scott A. Bohaboy, +1-847-286-7419, both of Sears, Roebuck
Web site: http://www.sears.com/