Home / Knowledge / News / Apparel/Garments / Dillard's retail sales up 7% in Q4 FY'13
Dillard's retail sales up 7% in Q4 FY'13
26
Feb '13
Dillard's, Inc. announced operating results for the 14 and 53 weeks ended February 2, 2013. The Company follows the retail 4-5-4 reporting calendar, which included an extra week in the fourth quarter of fiscal 2012. 

Highlights of the Company's performance included:

- A 30% increase in fourth quarter earnings per share compared to the prior year (excluding certain items described below)
-  A 3% increase in comparable store sales for the fourth quarter based upon comparable weeks, marking the Company's 10th consecutive quarterly comparable sales increase
- Fourth quarter merchandise gross margin improvement of 40 basis points of sales
- Cash flow from operations for the fiscal year of $522.7 million compared to $501.1 million for the prior year which made possible these actions for shareholders during the fourth quarter:
-  Repurchase of $23.4 million of Class a Common Stock

Net Sales - Fourth Quarter

Net sales for the 14 weeks ended February 2, 2013 were $2.106 billion and $1.970 billion for the 13 weeks ended January 28, 2012.  Net sales include the operations of the Company's construction business, CDI Contractors, LLC ("CDI").

Total merchandise sales (which exclude CDI) for the 14-week period ended February 2, 2013 were $2.087 billion and $1.946 billion for the 13-week period ended January 28, 2012.  Total merchandise sales increased 7% for the 14-week period compared to the 13-week period.  Based upon comparable weeks, total sales increased 2% and sales in comparable stores increased 3% for the fourth quarter.  

Sales trends were strongest in ladies accessories and lingerie and men's apparel and accessories.  Sales were weakest in the home and furniture category.  Sales trends were strongest in the Central region, followed by the Eastern and Western regions, respectively. 

Net Sales - Fiscal Year

Net sales for the 53 weeks ended February 2, 2013 were $6.593 billion and 6.264 billion for the 52 weeks ended January 28, 2012.

Total merchandise sales for the 53-week period ended February 2, 2013 were $6.489 billion and $6.194 billion for the 52-week period ended January 28, 2012.  Total merchandise sales increased 5% for the 53-week period compared to the 52-week period.  Based upon comparable weeks, total sales increased 3% and sales in comparable stores increased 4% for the fiscal year. 

Dillard's Inc

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search