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US: Dillard's sales rise 6 percent in January

Department store chain Dillard's Inc. said Thursday that revenue in its stores open at least a year rose 6 percent in January, a bigger boost than the 2 percent gain analysts were expecting.

The retailer's stock rose $1.18, or 3.1 percent, to $39.80 during premarket trading.

Revenue at stores open at least a year is a key indicator of a retailer's health, because it excludes the effects of stores that open or close during the year. January is typically retailers' slowest month of the year.

Revenue for the four weeks ended Jan. 29 rose to $376 million from $353.9 million in the same period a year earlier.

The company said it saw above-average sales in its central region, slightly higher sales in the East and below-average trends in the West.

Sales of home goods and furniture were brisker than usual, the company added.

Dillard's has corporate headquarters in Little Rock, Arkansas and runs stores in 29 states.

Source: cnbc.com


Publication date: 2/4/2011


 


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