Sears, Roebuck and Co. (NYSE: S) today announced total domestic store revenues for the four weeks ending July 29, 2000 were $2.11 billion. Comparable domestic store revenues increased 1.8 percent. Total domestic store revenues increased 3.3 percent above revenues of $2.05 billion for the four weeks ending July 31, 1999.
"We are pleased by the performance of our hardlines business and the improvements in our apparel business, which showed a slight increase for the month," said Chairman and Chief Executive Officer Arthur C. Martinez. "Home electronics, sporting goods, lawn and garden, footwear, fine jewelry, and cosmetics and fragrances all reported strong sales increases in July. Our appliance sales, which have been strong throughout the year, were impacted by slower air conditioner sales due to dramatically cooler weather compared to unusually high temperatures last July." Martinez added that the company's specialty stores did well for the month with strong increases in Sears Hardware and Sears Auto Center stores as well as The Great Indoors stores, which opened its newest store in the Dallas area this month.
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/ .
Sears, Roebuck and Co. 4 Weeks 26 Weeks 2000 Domestic Store Revenues* $2,114,600,000 $13,963,600,000 1999 Domestic Store Revenues* 2,047,800,000 13,402,900,000 Percent Change 3.3% 4.2% Comparable Domestic Stores Percent Change 1.8% 2.8% 2000 Total Revenues* $2,881,100,000 $19,126,800,000 1999 Total Revenues* 2,807,100,000 18,349,700,000 Percent Change 2.6% 4.2% * 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 and Co.
Contact: Media, Peggy A. Palter for Sears, Roebuck and Co.,