Dillard’s, Inc. saw sales decrease 12% for the five weeks ended Oct. 4, 2008 from the same period last year on both a total and comparable store basis. Sales were $568.5 million compared to sales for the five weeks ended October 6, 2007 of $649.2 million. Sales were slightly above the average company trend in the Central region, consistent with trend in the Western region and below trend in the Eastern region.
Sales for the 35 weeks ended Oct. 4, 2008 were $4.4 billion compared to sales for the 35 weeks ended Oct. 6, 2007 of $4.5 billion. Sales decreased 5% in total stores and comparable store sales decreased 6% for the 35-week period.
Hurricane Gustav and Hurricane Ike disrupted operations in many of the company’s stores during the period. Management believes the detrimental effect of these hurricanes on its comparable store sales performance was approximately 3%.
