BENCHMARKS REPORT

Industry Measure: Company Level Data
| SIC: | 5311 |
| INDUSTRY: | DEPARTMENT STORES |
| BENCHMARKS FOR THE INDUSTRY |
| NO. OF SEGMENTS REPORTING IN THE INDUSTRY: 20 |
|
1997 SALES FOR THE INDUSTRY: $ 121581 (Total Sales in $Millions) |
|
OPERATING MARGIN: 5.9 (EBIT (divided by) Sales) |
|
CAPITAL INTENSITY: 58.7 (Sum of Total Debt plus Shareholder Equity (divided by) Sales) |
|
SALES GROWTH: 6.5 (Compound 3-Year Growth Rate in Sales for the Median Participant in the Industry) |
| BENCHMARKS FOR THE TOP FOUR COMPETITORS |
| ROE: Net Profits (divided by) Total Shareholder Equity RONCE: EBIT (divided by) Sum of Total Debt plus Shareholders' Equity |
| Competitor/Rank by Sales |
Market Share (% Ind. Sales) |
ROE | RONCE |
| #1: SEARS ROEBUCK & CO |
34.0 | 20.3 | 13.3 |
| #2: PENNEY (J C) CO |
20.0 | 9.5 | 9.1 |
| #3: FEDERATED DEPT STORES |
12.9 | 5.7 | 9.1 |
| #4: MAY DEPARTMENT STORES CO |
9.9 | 20.0 | 19.9 |
| Total of #1-4: | 76.7 | 7.6 | 10.0 |