Retailers, consumers and prices
Check out Dillard’s plunging profit.
In case you missed it, the department store chain operator reported a 94 percent drop in quarterly profit after the closing bell on Thursday.
“The weak economic conditions, particularly in Florida, made it extremely difficult to achieve profitable sales levels,” Chief Executive William Dillard said in a statement.
If you didn’t know Dillard’s was reporting earnings on Thursday, you weren’t alone.
The company didn’t disclose that they planned to report until less than three hours before they released results. To put it in perspective, if you gave your doctor that little notice before canceling your check up, you would still have to pay for the appointment.