Sears, Roebuck and Co. (Hoffman Estates, Ill.) announced a domestic same-store revenues decrease of 3 percent for the five weeks ended Jan. 1, 2005. Total domestic store revenues for the five-week period were down 2.4 percent.
“Relatively strong sales at the end of the holiday shopping season were insufficient to offset a slow start to the month,” said chairman and ceo Alan Lacy. “Most categories in apparel and the home group had sales declines. Sears’ online business and gift card sales reported solid growth.”
Specialty retail store revenues were up in the low-single digit range, led by Orchard Supply, Sears Hardware and The Great Indoors.
Year-to-date, same-store revenues are down 2.7 percent and total revenues are down 1.7 percent.