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Sears Says Appliances Helped January Comparable Store Sales
Feb 6, 2004
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Sears, Roebuck and Co. announced that comparable domestic store revenues increased 4.6 percent for the 4 weeks ended Jan. 31, 2004. The retailer's total domestic store revenues were U.S. $1.6 billion for the 4-week period in January 2004, also up 4.6 percent, compared with the 4 weeks ended Feb. 1, 2003.

"Home goods led the way to a positive start to 2004, with increases over last January's results in home appliances, consumer electronics, tools, automotive, and lawn and garden goods," said Alan J. Lacy, Sears chairman and CEO. "Also, in what is traditionally a clearance month, sales were up in our principal clothing categories, with women's ready to wear, children's, and men's apparel all reporting sales gains. In addition, outerwear finally benefited from winter's late arrival, with a sizable improvement over last year."

In the aggregate, Sears' off-the-mall formats also reported positive comparable store sales in January, led by increases in Dealer Stores and Sears Hardware.

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