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Dillard's Q4 net income drops

03 Mar '06
3 min read

Net sales for the 13 weeks ended January 28th 2006 were $2.338 billion compared to sales for the 13 weeks ended January 29th 2005 of $2.304 billion. Net sales increased 1 percent in total stores for the 13-week period. Net sales in comparable stores increased 2 percent for the 13-week period.

Net sales for the 52 weeks ended January 28th 2006 were $7.560 billion compared to sales for the 52 weeks ended January 29th 2005 of $7.529 billion. Net sales were unchanged on a percentage basis for the 52-week period on both a total and comparable store basis.

During the 13 weeks ended January 28th 2006, net sales were strongest in the Eastern and Western regions, where performance exceeded the company's total trend for the period. Net sales were below trend in the Central region.

Net sales of shoes significantly exceeded the company's average sales trend for the 13 weeks ended January 28th 2006 while performance in children's apparel and furniture was significantly below trend.

The company operates 326 Dillard's locations spanning 29 states, net of four locations closed at the time due to hurricanes.

On January 29th 2006, Dillard's opened its new store at the Mall of Louisiana in Baton Rouge, Louisiana. The 160,000 square foot store was purchased during the fourth quarter of 2005 and provides the company a new dual-anchor format at that center.

Dillard's Inc

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