Friday, August 16, 2019

Dillard’s Q2 loss widens; to close three stores

Chain Store Age
Department stores woes continued as Dillard’s posted a much wider second-quarter loss than expected.

The department store retailer reported a net loss of $40.7 million for the quarter ended Aug.3, compared with a loss of $2.9 million in the year-ago period.

Revenue fell to $1.427 billion from $1.468 billion in the year-ago period. Same-store sales fell 2%.. . . more