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Daily News

Sears Reports Comparable Store Sales
Mar 4, 2004
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Appliance reatiler Sears, Roebuck and Co. announced that comparable U.S. store revenues increased 1.1 percent for the 4 weeks ended Feb. 28, 2004. Total domestic store revenues were $1.7 billion for the 4-week period in February 2004, down 0.5 percent, compared with the 4 weeks ended March 1, 2003.

"Comparable store sales grew for the month, paced by strong sales of lawn and garden products, as well as healthy gains in power tools, garage storage products and fitness equipment," said Alan J. Lacy, Sears chairman and CEO. "Home appliance revenues improved slightly, led by solid increases in the cooking, cleaning, and laundry categories."

Off-the-mall revenues were down in February, as strong performances by Sears Hardware and Sears Outlet stores were more than offset by declining sales in the company's other specialty store formats.

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