Sears, Roebuck and Co. announced that comparable domestic store revenues increased 0.8% for the four weeks ended Jan. 29, 2005. Total domestic store revenues were $1.61 billion for the four-week period in January 2005, up 1.7% compared with the four weeks ended Jan. 31, 2004.
“We were pleased with our sales performance in January,” said Sears Chairman and CEO Alan J. Lacy. “Lawn, garden and patio had an exceptional month and we reported increased sales in tools and automotive. Flat-panel plasma and LCD televisions also had sharply higher sales for the month. In apparel, sales increases in footwear and accessories were insufficient to offset declines in other categories.”
Specialty retail sales were very strong in January, with Sears Hardware, Orchard Supply and The Great Indoors all posting sales growth.
Sears, Roebuck and Co. Domestic Store Revenues & Comparable Store Revenues (*According to National Retail Federation Fiscal Calendar.) (**A store is considered to be comparable at the beginning of the 13th month after the store is opened.) Fiscal Period Ending Percent Change January 29, January 31, All Comp 2005 2004 Stores Stores** January $1,605,100,000 $1,578,800,000 1.7% 0.8% Year-to-Date* $26,618,100,000 $27,290,700,000 -2.5% -1.6%