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SEARS REPORTS FEBRUARY REVENUES UP 3.2 PERCENT

 HOFFMAN ESTATES, Ill., March 4 /PRNewswire/ -- Sears Merchandise Group today reported total domestic store sales from continuing operations for the four weeks ended Feb. 27 were $1.45 billion, 3.2 percent above restated sales of $1.40 billion in the same period last year. Comparable domestic store sales were 2.2 percent higher for the period. Continuing operations exclude results from selected home improvement services which Sears announced in January it would no longer sell directly, and sales from Sears Business Centers, which have been acquired by InaCom Corp.
 Arthur C. Martinez, Sears Merchandise Group chairman and chief executive officer, said while the sales increase was smaller this period than recent periods, sales trends continue to be encouraging, particularly in major appliances and furniture. Martinez also said the sales rise was achieved against strong results in the same period last year. Automotive revenues for the period were affected by Sears recent restructuring as the focus of the business changes to batteries, tires and related services while unprofitable back-shop services are being discontinued. Excluding automotive, total domestic store sales were up 5.7 percent and comparable store sales were up 4.6 percent.
 Martinez said that while cold weather across much of the nation hampered some sales, it benefited others, including heaters, humidifiers and batteries. Additionally, junior apparel, fine jewelry and women's dresses were among the top performers for the sales period.
 For the four weeks ended Feb. 27, Sears Merchandise Group reported gross revenues from continuing operations of $1.93 billion, 2.6 percent above the $1.88 billion in the same period of 1992. Excluded from continuing operations are gross revenues from catalog sales (except direct response) and sales from 35 Pinstripes Petites stores, which will be closed.
 SEARS MERCHANDISE GROUP
 Four weeks period ended Feb. 27
 1993 (Restated) $1,928,803,000
 1992 (Continuing operations) 1,879,111,000
 Change 49,692,000
 Percent change 2.6
 Comparable domestic stores percent change 2.2
 -0- 3/4/93
 /CONTACT: Gordon L. Jones of Sears, 708-286-4726/
 (S)


CO: Sears, Roebuck & Co. ST: Illinois IN: REA SU:

WB -- NY035 -- 2879 03/04/93 10:12 EST
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Date:Mar 4, 1993
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