Sears Reports October Comparable Store Sales Nov 6, 2003

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Retailer Sears, Roebuck and Co. announced that comparable domestic store revenues decreased 2.7 percent for the 4 weeks ended Nov. 1, 2003. Total domestic store revenues were U.S. $1.9 billion for the 4-week period in October 2003, down 2.2 percent compared with the 4 weeks ended Nov. 2, 2002.

"Unseasonably warm weather in most of the country during October slowed demand for seasonal items and contributed to a disappointing month across our apparel categories," said Sears Chairman and CEO Alan J. Lacy. "However, we sustained our sales momentum in home appliances during October and the lawn & garden and fitness categories had another month of strong revenue growth."

Among off-mall formats, revenue increases in Hardware stores and Dealer stores were more than offset by declines in National Tire & Battery and The Great Indoors.

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