• Q4 profit up 27%
  • Sales up 5%
  • Margins improved during quarter

US department store chain Dillard's has bolstered its fourth quarter profits, citing disciplined inventory management and expenses control.

The company posted a 27% rise in net income to $109.6m for the three months to 29 January, up from $79.5m last year. Net sales were up 5% to US$1.934bn from $1.834bn.

Dillard's said its net income for the full-year more than doubled to $179.6m from $68.5m last time, as sales edged up to $6.121bn, from $6.095bn.

"Our fourth quarter results underscore a year of progress at Dillard’s. We began 2010 well positioned to achieve notable results, and we remained focused on our core initiatives throughout the year," said chief executive officer William T Dillard.

"We executed disciplined inventory management and controlled our expenses while seeking clear distinction in the mind of the fashion consumer."