Sears, Roebuck and Co. announced total domestic store revenues for the five weeks ended January 4, 2003 were $4.1 billion, a 2.6 percent decrease compared with the five weeks ended January 5, 2002. Comparable domestic store revenues decreased 4.6 percent.
“Full-line store sales were in line with our expectations,” said Chairman and Chief Executive Officer Alan J. Lacy. “Direct-to-customer performed especially well with Lands End exceeding our expectations and sears.com revenues more than doubling last year’s levels.”
Full-line stores had solid performances in footwear, sporting goods and fine jewelry. Off-mall, The Great Indoors and Dealer stores showed mid-single and low-single digit increases, respectively.