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 second Quarter HOFFMAN ESTATES, Ill., April 12 /PRNewswire/ -- Sears, Roebuck and Co. (NYSE: S) announced total interior(prenominal) condescend revenues for the five weeks ending April 7, 2001 were $2.56 one thousand thousand. Comparable domestic insert revenues fall 5.3 percent. Total domestic store revenues reduced 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 anticipate weather having an stupor on both our hardlines and softlines businesses," said chair and Chief executive director Officer Alan J. Lacy. "Weather-related seasonal invest and lawn and garden merchandise accounted for everywhere one-third of the comparable store sales decline. Among the better acting bus inesses was Home Appliances, which continues to gain securities industry ...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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