The decrease in full year revenues was primarily due to the effect of having fewer Kmart and Sears Full-line stores in operation, lower comparable store sales and the separation of the Sears Hometown and Outlet businesses, partially offset by the inclusion of an additional week of revenues in the current year. Fourth quarter 2012 revenues included an increase of $36 million due to foreign currency exchange rates. Full year 2012 revenues included a decrease of $37 million due to foreign currency exchange rates.
For the quarter, domestic comparable store sales declined 1.6%, comprised of a decrease of 3.7% at Kmart and an increase at Sears Domestic of 0.8%. Excluding the consumer electronics category, total domestic comparable store sales decreased 0.2% with Sears Domestic increasing 2.4% and Kmart decreasing 2.5%.
Sears Domestic generated a comparable store sales increase of 0.8% in the fourth quarter as increases in the apparel, home appliance and home categories were partially offset by declines in the consumer electronics, sporting goods and lawn & garden categories, as well as at Sears Auto Centers. The Sears apparel category has now achieved comparable store sales increases for six consecutive quarters.
Kmart's fourth quarter comparable store sales decline of 3.7% reflects a significant decrease in the consumer electronics category, as well as declines in the pharmacy and grocery & household categories. The decline in pharmacy reflects the conversion of brand name drugs to equivalent generic drugs.
For the year, domestic comparable store sales declined 2.5%, with declines of 1.4% at Sears Domestic and 3.7% at Kmart. Excluding the consumer electronics category, total domestic comparable store sales decreased 1.4% with Sears Domestic decreasing only 0.1% and Kmart decreasing 2.8%.
Decreases in comparable store sales at Sears Domestic of 1.4% for the year were driven by decreases in consumer electronics, lawn & garden and home appliances, as well as at Sears Auto Centers. These decreases were partially offset by increases in apparel and home. The Kmart decline in comparable store sales of 3.7% reflects decreases in a majority of its categories, most notably the consumer electronics, pharmacy, grocery & household and drug store categories.
Sears Holdings Corporation