Chain Store Age
Department stores woes continued as Dillard’s posted a much wider second-quarter loss than expected.
The department store retailer reported a net loss of $40.7 million for the quarter ended Aug.3, compared with a loss of $2.9 million in the year-ago period.
Revenue fell to $1.427 billion from $1.468 billion in the year-ago period. Same-store sales fell 2%.. . . more
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