Saks, Dillard's report sales decreases in June

NEW YORK and LITTLE ROCK, Ark. Dillard's Inc. today reported sales for the five weeks ended July 7 were $620.7 million compared to sales for the five weeks ended July 1, 2006 of $622.8 million. Sales in comparable-stores decreased 1%. By comparison, Saks Inc. reported total sales of $237.6 million for the five weeks ended July 7, compared to $247.3 million for the five weeks ended July 1, 2006. The company reported a comparable-store sales decrease of 5.6% for the period.

Dillard's reported that sales for the 22 weeks ended July 7 were $2.9 billion compared to sales for the 22 weeks ended July 1, 2006 of $3 billion. Total sales declined 3% for the 22-week period. Sales in comparable-stores declined 4%.

Saks fared better in this same period, reporting total sales of $1.3 billion compared to $1.1 billion for the five months ended July 1, 2006, a 15.4% increase. Comparable-store sales increased 13.7% for the five-month period.