Sears April Domestic Comps Fall 8.5%

Sears, Roebuck and Co. announced that comparable domestic store revenues decreased 8.5 percent for the four weeks ended May 3, 2003. Total domestic store revenues were $2.0 billion, an 8.0 percent decrease compared with the four weeks ended May 4, 2002.

“Children’s apparel contributed to an improved trend in our softlines business,” said Chairman and CEO Alan J. Lacy. “Hardlines revenues declined, partially due to our Easter store closing and strong seasonal product sales in March.”

Full-line stores sales included double-digit growth in children’s apparel. In addition, women’s sportswear, outerwear and special sizes performed well. Specialty stores recorded a low double-digit decrease.

     Sears, Roebuck and Co.
     Domestic Store Revenues & Comparable Store Revenues
                            Fiscal Period Ending             Percent Change
                         May 3,              May 4,          All       Comp
                          2003                2002         Stores    Stores**
     April            $1,993,700,000      $2,167,700,000    -8.0%     -8.5%
     Year-to-Date*    $6,143,500,000      $6,523,900,000    -5.8%     -6.8%