Dillard's reports are falling in the net result, sales in the first quarter

Count Dillard as the latest retailer feels the effects of macroeconomic uncertainty.

On Thursday this recorded in Little Rock, Ark. In the first quarter, based department store in the first quarter to $ 163.8 million or $ 10.39 per share of $ 180 million or $ 11.09 per share in the same period of the previous year.

The total turnover decreased by $ 1.49 billion in the previous year by 2 percent to $ 1.45 billion, whereby sales with a comparable shop decreased by 1 percent. The operating costs went slightly to $ 421.7 million or 27.6 percent of the turnover of $ 426.7 million in the previous year, while the existence increased by 6 percent at the end of the quarter.

According to the category, the company said that juniors and children's clothing together with men's clothing and accessories were the strongest actors in the quarter, while home, furniture, shoes and female clothing were weak.

The gross margins of retail for the May 13th ended the 13th May 45 percent of sales compared to 46.2 percent of sales for the same quarter of the previous year. The company said the gross margins decreased into women's clothing and were flat in women's accessories and lingerie, while other categories slightly accepted.

During the period, Dillard bought regular shares worth 98 million US dollars worth 98 million US dollars or about 276,000 shares at an average price of $ 355.65.

“We rejected a relatively good first quarter in view of the prevailing economic uncertainty,” said managing director William T. Dillard 2nd. “We kept the costs under control and reported a healthy gross margin. After buying $ 98 million, we still had $ 1.2 billion in cash and short-term investments.”

The retailer does not organize a call to analysts and has not given any instructions for sales and profits for the rest of the year.

Dillards operates 272 department stores and 28 approval centers in 30 states.