Press release from Business Wire
Dillard's, Inc. Reports July Sales Results
Thursday, August 05, 2010
Dillard's, Inc. Reports July Sales Results08:00 EDT Thursday, August 05, 2010 LITTLE ROCK, Ark. (Business Wire) -- Dillard's, Inc. (NYSE:DDS) (“Dillard's” or the “Company”) announced today that merchandise sales (“sales”) for the four weeks ended July 31, 2010 were $425,150,000 compared to sales for the four weeks ended August 1, 2009 of $439,086,000. Sales decreased 3% in both total and comparable stores for the four-week period. Sales for the 13 weeks ended July 31, 2010 were $1,358,089,000 compared to sales for the 13 weeks ended August 1, 2009 of $1,366,303,000. Total sales decreased 1%. Sales in comparable stores were unchanged on a percentage basis for the 13-week period. Sales for the 26 weeks ended July 31, 2010 were $2,790,471,000 compared to sales for the 26 weeks ended August 1, 2009 of $2,783,366,000. Total sales were unchanged on a percentage basis. Sales in comparable stores increased 1% for the 26-week period. During the four weeks ended July 31, 2010, sales were above the average total Company trend in the Eastern region and consistent with trend in the Central region. Sales were below trend in the Western region. Sales of shoes were significantly above trend during the four-week period while sales in the home and furniture category were significantly below trend. Dillard's, Inc. is one of the nation's largest fashion apparel and home furnishing retailers. The Company's stores operate with one name, Dillard's, and span 29 states. Dillard's stores offer a broad selection of merchandise, including products sourced and marketed under Dillard's exclusive brand names.