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Dillard's June same-store sales decline 14 percent.(Public Company Reports)(Financial report)


Dillard's Inc. of Little Rock said Thursday that same-store sales fell 14 percent in June to $497.2 million, compared with $593.3 million for the same period in 2008

Wall Street analysts had expected same-store sales to fall 10.4 percent. Total sales for the five weeks ended July 5 fell 16 percent.

The company said sales were best in the Central region of the United States, and weaker in the East and West. Home and furniture sales were below trend.

Year-to-date, same-store sales are off 13 percent while total sales fell 15 percent to $2.34 billion, compared with $2.8 billion for the year-ago period.

COPYRIGHT 2009 Journal Publishing, Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2009 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company.

NOTE: All illustrations and photos have been removed from this article.


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