Sporting goods perform despite Sears comp store sales decreases
Sears, Roebuck and Co. (NYSE: S) announced total domestic store revenues for the four weeks ended Nov. 30, 2002, were $2.6 billion, an 8.7 percent decrease.
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Sears, Roebuck and Co. (NYSE: S) announced total domestic store revenues for the four weeks ended Nov. 30, 2002, were $2.6 billion, an 8.7 percent decrease compared with the four weeks ended Dec. 1, 2001. Comparable domestic store revenues decreased 10.9 percent. “Sales were in line with our expectations for the month,” said Chairman/CEO Alan J. Lacy. “As expected, Thanksgiving week results were an encouraging kickoff to the holiday season.” Within full-line stores, sporting goods delivered a solid performance.
