Markdowns, home furnishings slump hurt Dillards
August 30, 2007,
Little Rock, Ark. – Major markdown activity led to Dillard’sreporting a second-quarter net loss of $25.2 million -- compared to net income of $15.7 million for the same period one year ago.
This tough stance came as sales fell 2% to $1.65 billion, and comps declined by 3%.
Home was one of three categories noted for declining “significantly more than trend” during the quarter.