Department store operator Dillard's Inc. (DDS) reported that its same store sales for July increased 2% from the prior-year month. Total sales for the month rose 3% helped by above average sales trend in the central region.
For the four weeks ended August 2, sales were $513.75 million, up 2.7% from $500.30 million in the four weeks ended August 4, 2007.
During the period, sales were above the average company trend in the central region, while it was below company trend in the eastern and western regions. Sales in juniors and children's apparel category and the home furniture category were also below trend.
For the 13 weeks ended August 2, sales decreased to $1.61 billion from $1.65 billion in the 13 weeks ended August 4, 2007. Total store sales declined 3%, while comparable store sales decreased 4% from the year ago quarter.
For the 26 weeks ended August 2, sales were $3.29 billion compared to $3.41 billion in the same period ended August 4, 2007. Total store sales decreased 4% and comparable stores sales dropped 5% from the same period a year ago.
DDS is currently trading at $10.20, down $0.26 or 2.49%, on a volume of 1.05 million shares.
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