Sears New Release

Sears Updates Segment Reporting; Adopts New Accounting Standard Resulting In One-Time Non-Cash turn on Of $520 Million In Second Quarter HOFFMAN ESTATES, Ill., April 12 /PRNewswire/ -- Sears, Roebuck and Co. (NYSE: S) announced bestow domestic blood revenues for the five weeks ending April 7, 2001 were $2.56 one thousand thousand. Comparable domestic store revenues decreased 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 cancel below expectations, with the slowing economy and colder than anticipated weather having an reach on both our hardlines and softlines businesses, said Chairman and Chief executive Officer Alan J. Lacy. Weather-related seasonal apparel and lawn and garden merchandise accounted for oer one-third of the comparable store sales decline. Among the better performing businesses was al-Qaida Appliances, which continues to gain market share. The Great Indoors format and sporting goods businesses likewise performed well. Sears, Roebuck and Co.

5 Weeks 9 Weeks 2001 Domestic bloodline Revenues $2,563,400,000 4,530,800,000 2000 Domestic Store Revenues 2,701,000,000 4,697,600,000 Percent convince (5.1)% (3.6)% Comparable Domestic Stores Percent Change (5.3)% (3.9)% Preliminary Earnings Announcement The company anticipates that earnings per share for the root fiscal quarter of 2001, ended March 31, will be nearly $0.53, versus $0.65 in the first quarter of last year. In the first quarter, the assign business performed in line with expectations, reflecting continued strong portfolio quality. However, operational income from the credit business for the first quarter will be roughly below last year, mainly due to lower... If you want to entrance a full essay, order it on our website: Orderessay

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