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Profile of the week

Published on .

Sears, Roebuck & Co.'s stock rose after the retailer expressed confidence its second-quarter profits would beat analyst expectations. Sears said same-store sales in June rose 2.3% over last year, with total domestic store revenue up 3.6% to $2.8 billion for the five weeks ended July 1. Separately, the National Retail Federation said Sears slipped to No. 3 in sales among U.S. retailers from No. 2, as Kroger Co. jumped to No. 2 from No. 7 following its 1999 acquisition of Fred Meyer Stores. In trading Friday, Sears closed at $35.19, up 7.85% for the week.
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