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Dillard’s well positioned for holidays
Solid third quarter results have Dillard’s feeling good about the holidays.
Dillard’s third quarter merchandise sales for the quarter ended October 27 increased 4% to more than $1.4 billion, same store sales increased 5% and operating profits increased 84% to nearly $73 million. Gross margins expanded 40 basis points to 37.1% and same store inventory levels were down 1%.