Published
Feb 27, 2015
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Dillard's announces positive 2014 results and plans for 2015

Published
Feb 27, 2015

American luxury department store Dillard’s reported positive results for Q4 and full year 2014, most notable are an increase in store sales, retail gross margin, and in earnings per share.
 
For the 13 weeks that ended on January 31, 2015, Dillard’s reported a net income of $130.5 million, up from $119.1 million in the previous year, and net sales of $2.136 billion compared to $2.034 billion of the previous year.

Dillard's Ad Campaign Spring/Summer 2013 - Dillard's


Dillard’s Chief Executive Officer, William T. Dillard, II, said, "We finished 2014 with our best sales performance of the year in the most important quarter. Our 3% sales increase was supported by a strong 103 basis point retail gross margin improvement, as customers responded well to our improved mix and service throughout the holiday season."
 
Numbers for the fiscal year also increased; the company’s net income increased to $331.9 million from $323.7 million, and net sales increased to $6.621 billion from $6.532 billion.

During fiscal 2014, Dillard's opened two new stores in Las Vegas, Nevada at The Shops at Summerlin (200,000 square feet) and Sarasota, Florida at The Mall at University Town Center (180,000 square feet). Both stores opened during the third quarter. During the fourth quarter, the Company closed its Southgate Mall location in Sarasota, Florida (90,000 square feet).
During fiscal 2015, Dillard's plans to open three new stores:

At January 31, 2015, the Company operated 277 Dillard’s locations and 20 clearance centers spanning 29 states and an Internet store at www.dillards.com. Total square footage at January 31, 2015 was 50.5 million.

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