Dillard's posts 12% net sales, comps decrease

LITTLE ROCK, Ark. Dillard’s posted net sales for the five weeks ended Oct. 4 of $568.5 million, compared to $649.2 million in September 2007. Sales decreased 12% on both a net and comparable-store basis.

Hurricanes Gustav and Ike disrupted operations in many of the company’s stores in September, which caused detrimental effect on comps of approximately 3%, according to company management.