Sears: January sales soft

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Revenues for Sears, Roebuck and Co., Hoffman Estates, IL, were soft in January, due in part to a reduction in the number of promotional and clearance items in the retailer's inventory, the company said yesterday.


During the four-week period ending Feb. 3, revenues reached $1.69 billion, a 2.3 percent decrease compared with the same period in 2001. The results reflected an improvement in the Sears inventory and a movement away from discount items, the company said.


While apparel sales were sluggish, other categories including home fitness, projection televisions and high-efficiency laundry products sold strong, Sears said.


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