Sears August Comparable Store Sales Increase 0.2 Percent

Sears, Roebuck and Co. (NYSE: S) today announced total domestic store revenues for the four weeks ending September 1, 2001 were $2.2 billion, a 0.5 percent increase compared to the four weeks ending September 2, 2000. Comparable domestic store revenues increased 0.2 percent.

"Overall, while the retail environment continues to be challenging, our August comparable stores sales represent a modest improvement from recent trends," said Chairman and Chief Executive Officer Alan J. Lacy. "In Full- line stores, appliances and home decor delivered double-digit sales increases over last year. In our specialty retail formats, Dealer stores and The Great Indoors posted strong sales 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 in the U.S. through Sears stores nationwide, including approximately 860 full-line stores. Sears also offers a wide variety of online offerings accessible through its 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           30 Weeks
  2001 Domestic Store Revenues           $ 2,211,900,000  $16,119,600,000
  2000 Domestic Store Revenues             2,200,800,000   16,349,700,000

  Percent Change                                    0.5%            -1.4%
  Comparable Domestic Stores Percent Change         0.2%            -1.8%


SOURCE: Sears, Roebuck and Co.

Contact: Peggy A. Palter of Sears, Roebuck and Co., +1-847-286-8361


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