Sears Posts 1.1% Increase in February Comps

Sears, Roebuck and Co. comparable domestic store revenues
increased 1.1 percent for the four weeks ended Feb. 28, 2004. Total domestic store revenues were $1.7 billion for the four-week period in February 2004, down 0.5 percent, compared with the four weeks ended March 1, 2003.

“Comparable store sales grew for the month, paced by strong sales of lawn
and garden products, as well as healthy gains in power tools, garage storage
products and fitness equipment,” said Sears Chairman and CEO Alan J. Lacy.
“Home appliance revenues improved slightly, led by solid increases in the
cooking, cleaning and laundry categories. Sales rose in women's ready-to-wear
and men's apparel, fueled by promotional and clearance activity and the
positive impact of Lands' End merchandise in all of our full-line stores.”

Off-the-mall revenues were down in February, as strong performances by
Sears Hardware and Sears Outlet stores were more than offset by declining
sales in the company's other specialty store formats.

     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
                     February 28,       March 1,         All          Comp
                         2004             2003         Stores      Stores**

     February       $1,741,900,000   $1,750,000,000     -0.5%         1.1%
     Year-to-Date*  $1,741,900,000   $1,750,000,000     -0.5%         1.1%