Sears New Release

Sears New Release Sears Updates Segment Reporting; Adopts New report Standard Resulting In One-Time Non-Cash Charge Of $520 Million In gage Quarter HOFFMAN ESTATES, Ill., April 12 /PRNewswire/ -- Sears, Roebuck and Co. (NYSE: S) announced total domestic shop revenues for the five weeks ending April 7, 2001 were $2.56 one thousand thousand. Comparable domestic store revenues fall 5.3 percent. Total domestic store revenues decreased 5.1 percent compared with $2.7 billion for the five weeks ending April 8, 2000.

"March retail sales shed below expectations, with the slowing economy and colder than anticipated weather having an stupor on both our hardlines and softlines businesses," said Chairman and Chief executive director Officer Alan J. Lacy. "Weather-related seasonal apparel and lawn and garden merchandise accounted for everywhere one-third of the comparable store sales decline. Among the better acting businesses was Home Appliances, which continues to gain market ...If you want to get a full essay, order it on our website: Ordercustompaper.com

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