Apparel and home furnishing retailer Dillard's, Inc. (DDS)Thursday reported an increase in comparable store sales for the month of February 2010.
The Little Rock, Arkansas-based company's merchandise sales for the four weeks were $499.19 million compared to $497.68 million in the prior-year period. Total sales for the company, which operates in 29 states, were unchanged on a percentage basis. Comparable stores sales for the four-week period increased 2%.
The company noted that sales were slightly below the average total company trend in the Central and Western regions and above trend in the Eastern region.
During the period, sales performances in the men's apparel and accessories category and shoes category were significantly above the company trend, while home and furniture category sales were significantly below trend.
For January 2010, the company had reported 5% drop in comparable stores sales, with a 6% decline in total sales. Merchandise sales for the four-week period were $353.85 million compared to $376.61 million a year ago.
DDS is currently trading at $20.77 per share, up $0.82 or 4.11% on the New York Stock Exchange.
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