Home lags as Dillard’s logs quarterly turnaround

Little Rock,Ark.– Home furnishings sales lagged the general trend at Dillard’s, which reported third-quarternet income of $13.6 million – a major turnaround from the net loss of $2.7 million for the same period one year ago.

Net sales were virtually unchanged, holding at $1.7 billion, as comparable store sales declined 2%. Dillard's achieved gross margin improvement of 140 basis points, which the company attributed fewer markdowns and to better inventory control – comp inventory declined 3%.

“Sales of juniors' and children's apparel and decorative home merchandise were significantly below trend for the period,” the 327-unit department store operator said.

Home & Textiles Today Staff | News & Commentary

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See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!