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HHgregg trumps Best Buy on Turkey Day
HHgregg CEO Dennis May said the retailer is approaching Black Friday differently this year, including opening its stores earlier than Best Buy on Thanksgiving Day and offering 40% storewide discounts.
HHgregg will open its stores at 4 p.m. on the holiday, an hour earlier than Best Buy and two hours earlier than most other retailers who plan to open Thanksgiving Day. The retailer also said its Black Friday Now promotion will begin Nov. 20 and run through Nov. 29 and will offer up to 40% off all items in the store.
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Dillard's posts increased profit in 3Q, sales dwindle
Little Rock, Ark. -- Dillard's Inc. reported Thursday a profit of $55.2 million in its fiscal third quarter, up 8.4% over the $50.9 million profit in the same period last year. Sales, however, dipped to $1.460 billion, from $1.469 billion, and same-stores sales declined 1%. Still, said CEO William T. Dillard II, "We believe we are positioned very well for the holiday season.”
