Dillard`s Stock Is On The Rise
By: Import User
Updated: January 7, 2009
Shares of Dillard`s stock rose today,
following news about the retailer`s unexpectedly strong September
sales.
The stock of the Little Rock-based company finished at 16
dollars, seven cents, up a dollar and 37 cents, on heavy trading at
the New York Stock Exchange.
Dillard`s says its sales for the five weeks ended October fourth
increased three percent from last year on both a total and a
same-store basis, which generally refers to stores open at least a
year.
Wall Street projections had called for a drop of almost two
percent for same-store sales.
The five-week sales of 707 (m) million dollars were up from 687
(m) million.
For the 35 weeks ended October fourth, Dillard`s says same-store
sales fell three percent, while total sales fell four percent.
Posted by Mike Hellgren
