Appliance retailer Sears, Roebuck and Co. announced that comparable domestic store revenues decreased 3.0 percent for the 5 weeks ended Jan. 1, 2005.
Total domestic store revenues were U.S. $3.84 billion for the 5-week period in December 2004, down 2.4 percent compared with the 5 weeks ended Jan. 3, 2004.
"Relatively strong sales at the end of the holiday shopping season were insufficient to offset a slow start to the month," said Sears Chairman and CEO Alan J. Lacy. "Most categories in apparel and the home group had sales declines. Sears' online business and gift card sales reported solid growth."
Specialty retail store revenues were up in the low-single digit range, led by Orchard Supply, Sears Hardware, and The Great Indoors, Sears said.
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