Home Home Decor Dillard’s home department showing its mojo

Dillard’s home department showing its mojo

[ad_1]

Little Rock, Ark. – Up against extremely tough comparisons to last year, Dillard’s posted solid top-line results and profit that beat expectations.

And for the first time in 7 quarters, home and furniture were among the top-performing categories. That’s not to say the home business had been dragging. It simply hadn’t out-performed since Q4 of late 2020. In that quarter, home and furniture weren’t just top performers, they significantly out-paced the rest of the store.

During the most recent Q3, other categories called out as strong performers include cosmetics, men’s apparel, accessories and shoes. Juniors’ and children’s apparel were the weakest performing categories.

Total company comp rose 3% on top of a 48% spike in last year’s Q3.

More third quarter results:

  • Total retail sales up 3% to $1.499 billion and $1.460 billion
  • Retail gross margin at 45.7% of sales vs. 46.7% of sales in the year-ago period
  • Net income down 5% to $187.6 million

“Inventory control remains a priority as we have seen its powerful effects on our business,” said CEO William T. Dillard II.

Year-to-date results include:

  • Retail sales up 8% to $4.633 billion, with comp up 8%
  • Net income up 11% to $602.5 million

See also:

 

Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.



[ad_2]

Source link

RELATED ARTICLES

Tiny Living, Big Style: How’s The Life in a Studio Apartment

Minimalism has become a synonym for the modern lifestyle, and a studio apartment plan stands as a quintessence of this contemporary trend. The growing...

The Swiss Cheese Plant’s Thriving Journey in Your Space

The Monstera adansonii, or "Swiss cheese plant," that gained popularity in the 1970s is making a comeback now. People like it because its leaves...

Prayer Plant | Growing And Caring For This Beauty

If you have already seen a beautifully grown Prayer plant, I can bet you must have been awe-struck by its multi-color detailed foliages. This...
- Advertisment -

Most Popular

Tiny Living, Big Style: How’s The Life in a Studio Apartment

Minimalism has become a synonym for the modern lifestyle, and a studio apartment plan stands as a quintessence of this contemporary trend. The growing...

The Swiss Cheese Plant’s Thriving Journey in Your Space

The Monstera adansonii, or "Swiss cheese plant," that gained popularity in the 1970s is making a comeback now. People like it because its leaves...

Prayer Plant | Growing And Caring For This Beauty

If you have already seen a beautifully grown Prayer plant, I can bet you must have been awe-struck by its multi-color detailed foliages. This...

3 Most Popular White Coffee Table Materials That Are Trending in 2023

We often overlook the coffee table when decorating our living rooms. We are all about the fancy sofas, right? But truth be told, the...

Recent Comments