Resets Set Back Sears in Q3

Corral, Cecile B.
October 2004
Home Textiles Today;10/25/2004, Vol. 26 Issue 9, p2
Trade Publication
The article reports on the financial performance of Sears, Roebuck & Co. in the third quarter of 2004. It was able to complete the reset of its home fashions bed and bath categories, despite disappointing third quarter results, in hopes of driving higher sales in the near future. In home fashions, overall company sales in bed and bath increased low single digits including key areas bath towels, comforters and kids bedding. Alan Lacy, chairman and CEO, admitted that the home fashions and consumer electronics resets proved to be disappointing. Regarding its Sears Grand format, the company is optimistic about the progress of the stores.


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