Sears September Comparable Store Sales Increase 3.0 Percent
Sears, Roebuck and Co. (NYSE: S) today announced total domestic store revenues for the five weeks ending September 30, 2000 were $2.63 billion. Comparable domestic store revenues increased 3.0 percent. Total domestic store revenues increased 4.2 percent compared to $2.53 billion for the five weeks ending October 2, 1999.
"Our sales results continue to show strong performance in our hardlines, specialty store and several of our softlines businesses," said President and Chief Executive Officer Alan J. Lacy. "Home appliances, sporting goods, fine jewelry and footwear all continued their positive sales trends. The company's specialty stores also performed well, led by strong increases in Sears Auto Centers and NTB National Tire & Battery stores and The Great Indoors."
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, .
Sears, Roebuck and Co.
5 Weeks 35 Weeks
2000 Domestic Store Revenues* $ 2,634,400,000 $ 18,816,900,000
1999 Domestic Store Revenues* 2,527,100,000 18,005,000,000
Percent Change 4.2% 4.5%
Comparable Domestic Stores
Percent Change 3.0% 3.1%
2000 Total Revenues* $ 3,655,200,000 $ 25,779,100,000
1999 Total Revenues* 3,513,700,000 24,691,500,000
Percent Change 4.0% 4.4%
* 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: Peggy A. Palter of Sears, Roebuck and Co., 847-286-8361
Website: