Sears, Roebuck and Co. announced that comparable domestic store revenues increased 3.9% for the four weeks ended Aug. 30, 2003. Total domestic store revenues were $2.1 billion in August 2003, up 4.1% compared with the four weeks ended Aug. 31, 2002.
“As previously announced, sales for the month of August were better than we anticipated due primarily to improving sales in our home appliance business,” said Chairman and CEO Alan J. Lacy. “In addition, wet weather extended the growing season in most regions, which fueled continued strong increases in Sears' lawn and garden business.”
August results included mid-single digit increases in men's apparel and accessories, as well as gains in tools and paint in the low-single digit range.
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 August 30, August 31, All Comp 2003 2002 Stores Stores** August $2,050,900,000 $1,970,500,000 4.1% 3.9% Year-to-Date* $14,955,400,000 $15,323,000,000 -2.4% -3.1%