Sears New Release

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

"March sell sales shed below expectations, with the slowing economy and colder than judge weather having an stupor on both our hardlines and softlines businesses," said prexy and Chief executive director Officer Alan J. Lacy. "Weather-related seasonal habiliments 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 place ...If you want to get a full essay, order it on our website: BestEssayCheap.com

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