Sears' Q4 Sales, Profit Plummet

Share this content:
Sears, Roebuck and Co. reported yesterday that its consolidated sales totaled $11.1 billion for the 13 weeks ended Jan. 1 compared with $11.6 billion for the 14 weeks ended Jan. 3, 2004.

Domestic same-store sales for the Hoffman Estates, IL, retailer, excluding the 53rd week in the fourth quarter of 2003, decreased 0.2 percent in fourth-quarter 2004.

Fourth-quarter profit totaled $378 million, down from $2.7 billion for the same period in the previous year. The prior-year total included the results of the domestic Credit and Financial Products and National Tire & Battery businesses, which were divested in 2003.

Also, Sears' annual sales totaled $35.7 billion for the 52 weeks ended Jan. 1 compared with $36.4 billion in the 53 weeks ended Jan. 3, 2004.

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above