Dillard's same-store sales shrink in May

Recs

0

Department store operator Dillard's Inc. said Thursday that same-store sales dropped by 12 percent in May as consumers scaled back on spending.

Analysts polled by Thomson Reuters expected a narrower decline of 8 percent.

Same-store sales, or sales at stores open at least a year, are an important retail performance indicator because they measure sales at existing locations rather than newly opened ones.

The retailer said that overall sales declined 14 percent.

For the four weeks ended May 30, total sales were $430.1 million, compared with $499.7 million in May 2008.

For the 17 weeks ended May 30, sales in Dillard's same-store sales declined 13 percent. Total sales slipped 15 percent to $1.85 billion.

Dillard's says sales of home and furniture items were weak.

The company operates its department stores in 29 states nationwide.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 913398, ~/Articles/ArticleHandler.aspx, 12/3/2009 6:37:01 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

The Must-Read Story on Fool.com
Fool Search: Be GM's Next CEO!

By The Motley Fool

Fool Search: Be GM's Next CEO!

Related Tickers

12/2/2009 4:03 PM
DDS $17.02 Down -0.18 -1.05%
Dillard's, Inc. CAPS Rating: *

Community: Investing Wiki

Term Of The Hour

Bid price: In a stock quote, the bid price is the price the buyer is willing to pay for a security. The listed bid price on an exchange is the highest price a buyer is willing to pay. When the bid price is equal to the ask price a transaction occurs.

Want to learn more or edit this definition?
Click here to read more!