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Sales, profit drop at Dillard's in Q4
Dillard’s says sales were particularly weak in the Southern states as the department store retailer reported a 35.6% drop in fourth quarter profit.
For the period ended Jan. 30, Dillard's had revenue of $2.07 billion for the fourth quarter, down from $2.1 billion during the same period a year ago. Net income was $130.5 million, or $3.17 per share, for the prior year fourth quarter. Same-store sales declined 2%. Net sales for the fourth quarter were $2.074 billion.
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Fast-growing Aldi enters big new market
Discount grocer Aldi will make its long-awaited California debut on March 24, with the opening of eight Southland stores. But that’s just the beginning of the company’s expansion plans for the market.
In all, Aldi plans to open approximately 45 stores in Southern California by the end of 2016. The opening of Aldi in California is part of the company's five-year strategic plan to open 650 new stores across the nation. By the end of 2018, the grocer expects to operate nearly 2,000 stores.

