Appliance retailer Sears, Roebuck and Co. announced that comparable U.S. store revenues increased 0.1 percent for the 5 weeks ended April 3, 2004. Total U.S. store revenues were U.S. $2.3 billion for the 5-week period in March 2004, down 1.3 percent compared with the 5 weeks ended April 5, 2003. Year-to-date revenues are $4.1 billion, down 0.9 percent from the same period in 2003.
"March results were mixed, with comparable store sales increases in important categories such as consumer electronics, lawn and garden products, fitness equipment, tools, home fashions and men's apparel offset by declines in women's apparel and home appliances," said Alan J. Lacy, Sears chairman and CEO.
Among off-the-mall units, Sears Hardware Stores and Orchard Supply Hardware combined to record a sales increase for the month, which was offset by a revenue decrease reported by Dealer Stores.
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