Dillard's (DDS) Reports August Same-Store-Sales Down 7%

Dillard's, Inc. (NYSE: DDS) announced that sales for the four weeks ended August 30, 2008 were $500,776,000 compared to sales for the four weeks ended September 1, 2007 of $537,038,000. Sales decreased 7% on both a total and comparable store basis.

Management notes that operations in 24 of its Gulf-area stores were disrupted beginning on or around Wednesday, August 27th, as Gulf-area residents anticipated the arrival of Hurricane Gustav. Dillard's closed 13 of these stores more directly in Gustav's path beginning on Saturday, August 30th. Damage to stores as a result of Gustav was minimal and 8 of the 13 stores have now reopened. Management expects disruption of operations to continue in the near-term in its Gulf-area stores as a result of Hurricane Gustav.

Dillard's, Inc. is one of the nation's largest fashion apparel and home furnishing retailers.
Sign up at EasyStockAlerts.com To Be Alerted To Your Stock News Today!

You May Also Be Interested In

• Dillard's Inc. (DDS) PT Raised to $519 at JPMorgan
• Dillard’s, Inc. to Report Second Quarter and Year-to-Date Results
• Dillard’s, Inc. Reports Second Quarter and Year-to-Date Results