Sears August Comparable Store Sales Increase 5.6 Percent
Sears, Roebuck and Co. (NYSE: S) today announced total domestic store revenues for the four weeks ending August 26, 2000 were $2.22 billion. Comparable domestic store revenues increased 5.6 percent. Total domestic store revenues increased 6.9 percent from $2.08 billion for the four weeks ending August 28, 1999.
"Exceptionally strong sales in appliances, lawn and garden and electronics led our hardlines increases," said Chairman and Chief Executive Officer Arthur C. Martinez. "While the current environment in apparel remains quite competitive, we saw strong increases in fine jewelry and cosmetics, where our Circle of Beauty line sold particularly well. We also realized strong growth in footwear and solid gains in home fashions and intimate apparel." The company's specialty stores continue to perform well with strong increases in The Great Indoors, Sears Auto Centers, Sears Hardware and dealer stores.
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.
4 Weeks 30 Weeks
2000 Domestic Store Revenues* $ 2,218,900,000 $ 16,182,500,000
1999 Domestic Store Revenues* 2,075,000,000 15,477,900,000
Percent Change 6.9% 4.6%
Comparable Domestic Stores Percent Change 5.6% 3.1%
2000 Total Revenues* $ 2,997,100,000 $ 22,123,900,000
1999 Total Revenues* 2,828,100,000 21,177,800,000
Percent Change 6.0% 4.5%
*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: