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Dillard’s Q2 income up
Little Rock, Ark. -- Dillard’s reported net income for the second quarter, ended July 28, of $31.0 million, up from $17.6 million in the year-ago period.
Total merchandise sales rose 2% in the quarter to $1.456 billion, compared with $1.426 billion last year. Same-store sales rose 3%.
Dillard’s CEO, William T. Dillard, II, stated, “Continuing on the momentum of a successful first quarter, we are proud to report a 97% increase in second quarter earnings per share.
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Cotton On to make South Jersey debut
Moorestown, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Australian fashion retailer Cotton On will open its first South Jersey location at Moorestown Mall this fall.
The 3,500-sq.-ft. store joins a recently opened Kids Foot Locker; Crazy 8 is scheduled to join the mall this fall.
Moorestown Mall is a 1 million-sq.-ft. enclosed regional shopping mall anchored by Macy’s, Lord & Taylor, Sears and Boscov’s.