USA: Dillard's narrows loss on better fashion mix
Upscale department store chain Dillard's has narrowed its third-quarter loss thanks to an improved merchandise mix and reduced costs.
Quarerly loss totalled US$2.7m compared to a loss of $18.7m in the same period last year, as sales rose to $1.73bn from $1.7bn a year ago. Same-store sales grew 2% during the quarter.
Dillard's believes ongoing efforts to boost merchandise mix have driven a better customer response.
The company said it is working to keep existing customers while also reaching out to new ones with a wider selection of upscale and contemporary fashions.
Help test our new apparel sourcing tool.
- China leads US apparel sources with falling prices
- Hard hit Turkish industry is not knocked out
- Vietnam grows share of US apparel imports in 2016
- "Power of the many" drives change at Otto Group
- US apparel sector braces for potential cost hikes
- US Q4 in brief – Kohl's, L Brands
- Bangladesh crackdown has cost garment sector $100m
- Adidas and Burberry recognised for sustainability
- Macy's will "do the right thing", says Lundgren
- VF Corp sees Q4 and FY earnings tumble
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022