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.


Loading links....

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's 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