Joined: 06 Jul 2003
Posts: 711
| Posted: Thu May 06, 2004 12:51 pm Post subject: April Results | |
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Sears, Roebuck and Co.
Domestic Store Revenues & Comparable Store Revenues (*According to National Retail Federation Fiscal Calendar.) (**A store is considered to be comparable at the beginning of the 13th month after the store is opened.) Fiscal Period Ending Percent Change May 1, May 3, All Comp 2004 2003 Stores Stores** April $1,938,200,000 $1,994,000,000 -2.8% -1.8% Year-to-Date* $6,050,700,000 $6,144,700,000 -1.5% -0.2% http://phx.corporate-ir.net/phoenix.zhtml?c=63737&p=irol-newsArticle&ID=524046&highlight= The numbers keep telling the same story-unhappy employees makes for poor results. Keep that turnover engine churning, and no one will no which direction is forward. |
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Joined: 17 Nov 2003
Posts: 1062
| Posted: Thu May 06, 2004 1:03 pm Post subject: | |
They were expecting a 2% gain after last years 8.5% decline. 
Department stores catering to the lower echelons of consumers are having a more difficult time, however. While J.C. Penney Co.(NYSE:JCP) (JCP) will likely show a healthy 4% same-store sales increase, Hood expects Kohl's Corp.(NYSE:KSS) (KSS) to post a 1% decline. Sears, Roebuck & Co.(NYSE:S) (S), which admitted last month that distribution and planning errors have hurt apparel sales this spring, will likely eke out a 2% same-store sales increase, according to Hood. He notes, however, that Sears' same-store sales plunged 8.5% in April 2003, "so there could potentially be upside to our estimate." 
Prudential's Hood has a financial interest in Sears shares, W.R. Hambrecht's Yamamoto owns shares of Fred's. Lazard's Slater, Deutsche Bank's Dreher and Goldman Sachs' Mager don't own shares in the above-mentioned companies but investors should assume that their firms are pursuing investment banking business. |
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Joined: 07 Jul 2003
Posts: 764
| Posted: Thu May 06, 2004 1:50 pm Post subject: | |||
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While most retailers had a hard time hitting their sales targets, Sears seems to have had the most difficult month (exept for Kohl's).
This month, the Easter bunny seems to have caused a problem. Lacy said:
With all the changes in our apparel offerings, we were down mid-teens percent in a few of our apparel departments. While improving on our April performance from last year...a decrease is still a decrease. 
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Joined: 10 Jul 2003
Posts: 19
Location: California
| Posted: Fri May 07, 2004 4:14 am Post subject: | |
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[color=darkblue][/color][size=18][/size][b]
Orchard Supply Hardware, a California Hardware chain, owned by Sears had a great month. Too bad Sears couldn't duplicate what we did  [/b]
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Joined: 08 Jul 2003
Posts: 6045
| Posted: Mon May 10, 2004 12:35 am Post subject: The Bold Prints Says It All | |
| The bold print says it all http://www.retail-merchandiser.com/retailmerchandiser/headlines/article_display.jsp?vnu_content_id=1000504536 .Lets see,around the year 2000 the company announces downsizing and remodeling plans,2002 they convert,2003 they "recharge" and 2004 this all we get. | |