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SEARS REPORTS MARCH REVENUES

 HOFFMAN ESTATES, Ill., April 8 /PRNewswire/ -- As a result of severe weather on the East Coast in March, Sears Merchandise Group today said its total domestic store sales from continuing operations for the five weeks ended April 3 were $1.97 billion, 0.6 percent below restated sales of $1.98 billion in the same period last year. Comparable domestic store sales were 1.4 percent lower for the period. As announced last month, continuing operations exclude results from selected home improvement services which Sears will no longer sell directly, and sales from Sears Business Centers, which have been sold.
 Arthur C. Martinez, Sears Merchandise Group chairman and chief executive officer, said severe weather on the East Coast depressed sales for the period. However, women's and men's apparel, footwear, fine jewelry, and hardware posted strong performances.
 Automotive revenues for the period continued to be 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 2.0 percent and comparable stores sales were up 1.2 percent.
 For the five weeks ended April 3, Sears Merchandise Group reported gross revenues from continuing operations of $2.57 billion, 1.0 percent below the $2.60 billion in the same period of 1992. As announced previously, excluded from continuing operations are gross revenues from catalog sales (except direct response) and sales from Pinstripes Petites stores, which have been closed.
 For the nine weeks ended April 3, Sears Merchandise Group reported gross revenues from continuing operations of $4.50 billion, 0.5 percent above the $4.47 billion in the same period of 1992.
 SEARS MERCHANDISE GROUP
 5 Weeks 9 Weeks
 1993 (Restated) $ 2,568,358,000 $4,497,161,000
 1992 (Continuing operations) 2,595,349,000 4,474,430,000
 Change (26,991,000) 22,731,000
 Percent change (1.0) 0.5
 Comparable domestic stores
 percent change (1.4) 0.5
 -0- 4/8/93
 /CONTACT: Gordon Jones of Sears, Roebuck & Co., 708-26?-4726/
 (S)


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

TS -- NY018 -- 4091 04/08/93 09:12 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
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