Dillard's Finishes Second Quarter in the Black
August 13, 2010,
LITTLE ROCK, Ark.--Dillard's reversed a second-quarter 2009 net loss of $26.7 million by turning in net income of $6.8 million in this year's second quarter.
Total merchandise sales in the quarter edged down 1 percent to less than $1.4 billion. But Dillard's chopped 1.2 percent from advertising, selling, general and administrative expenses in the quarter. In addition, the company improved its gross margin by 330 basis points to 34.5 percent.
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money