Retail comeback? | Arkansas Blog

Retail comeback?

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I don't follow business revenue figures much, but surely it's a good sign that Dillard's comparable-store sales were up 8 percent over last year in the four weeks ending Nov. 27 (the Saturday after Thanksgiving).

NEWS RELEASE

Little Rock, Arkansas, December 2, 2010 — Dillard's, Inc. (DDS: NYSE) ("Dillard's" or the "Company") announced today that merchandise sales ("sales") for the four weeks ended November 27, 2010 were $469,263,000 compared to sales for the four weeks ended November 28, 2009 of $437,868,000. Total sales increased 7%. Sales in comparable stores increased 8% for the four weeks ended November 27, 2010.

Sales for the 43 weeks ended November 27, 2010 were $4,574,962,000 compared to sales for the 43 weeks ended November 28, 2009 of $4,533,271,000. Total sales increased 1%. Sales in comparable stores increased 2% for the 43-week period.

During the four weeks ended November 27, 2010, sales were slightly above the average total Company trend in the Central and Eastern regions and below trend in the Western region. Sales of shoes and juniors' and children's apparel were significantly above trend during the four-week period while sales in the home and furniture category and the cosmetics 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.

From the ArkTimes store

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