Sears, Roebuck and Co. announced that comparable domestic store revenues decreased 1.8% for the five weeks ended July 5, 2003. Total domestic store revenues were $2.6 billion in June 2003, compared with $2.7 billion for the five weeks ended July 6, 2002.

“Overall, sales results for the month were in line with expectations,” said Chairman and CEO Alan J. Lacy. “Lawn and garden continued to perform strongly across all formats in the month, while a stronger promotional stance contributed to improved trends in apparel.”

     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
                       July 5,             July 6,           All       Comp
                        2003                 2002          Stores    Stores**

    June            $2,664,000,000      $2,696,700,000      -1.2%     -1.8%
    Year-to-Date*  $10,986,900,000     $11,429,400,000      -3.9%     -4.7%