Warm temps. freeze Oct. chain sales

Lillo, Andrea
November 2003
Home Textiles Today;11/10/2003, Vol. 25 Issue 11, p2
Trade Publication
Retailers blamed warm weather for poor sales results during October 2003, along with the wildfires, for companies with California locations. Even Kohl's Corp. saw disappointing comparable store sales, which slipped 11.6 percent during the month. However, the wholesale clubs comfortably led the retail chains in comparable store increases. According to Alan Lacy, Sears Roebuck & Co. chairman and CEO, unseasonably warm weather in most of the country during October slowed demand for seasonal items and contributed to a disappointing month across apparel categories. As a result of these markdowns and the disappointing comparable store sales performance, third quarter earnings are expected to be approximately $0.35 per share.


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