Appliance retailer Sears, Roebuck and Co. announced that comparable domestic store revenues decreased 3.2 percent for the 5 weeks ended Oct. 2, 2004. Total domestic store revenues were U.S. $2.33 billion for the 5-week period in September 2004, down 4.9 percent compared with the five weeks ended Oct. 4, 2003.
"Sears' comparable store sales in September were helped by revenue gains in our home appliance and lawn and garden businesses, as well as sales growth across most of our specialty retail formats," said Sears Chairman and CEO Alan J. Lacy. "Apparel sales were disappointing during the month, due in large part to soft demand, as well as comparisons with strong apparel sales last year."
Specialty retail revenues were up in the low-single digit range, due primarily to sales gains at Sears Dealer Stores, Orchard Supply Hardware, and The Great Indoors, the company said.
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