Dillard’s Q2 income up
Little Rock, Ark. — Dillard’s reported net income for the second quarter, ended July 28, of $31.0 million, up from $17.6 million in the year-ago period.
Total merchandise sales rose 2% in the quarter to $1.456 billion, compared with $1.426 billion last year. Same-store sales rose 3%.
Dillard’s CEO, William T. Dillard, II, stated, “Continuing on the momentum of a successful first quarter, we are proud to report a 97% increase in second quarter earnings per share.
Sales were strongest in ladies’ accessories and lingerie, followed by shoes and cosmetics, the company said. Weakest performing categories were home and furniture and juniors’ and children’s apparel.
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RILA sends letter to presidential candidates
Arlington, Va. — In letters sent to President Barack Obama and Governor Mitt Romney, the Retail Industry Leaders Association urged both to consider the retail industry’s prominent role in the U.S. economy as they advance their visions for the future.
The letter was signed by Gregg Steinhafel, Target chairman, president and CEO and Sandra L. Kennedy, RILA president. Steinhafel serves as chairman of the RILA board of directors.
“As this year’s political debate unfolds, we welcome the attention that has been paid to three issues of critical importance to all Americans: how to create jobs, speed our economic recovery and avert the certain disaster that would befall America if the fiscal cliff is not properly addressed. With that focus in mind, we write to underscore the importance of the retail industry in our economy and the critical role the industry will play in its revitalization. Indeed, the vibrant economy we all seek cannot exist without a robust retail industry,” said Steinhafel and Kennedy in the letter.
The retail industry is America’s second-largest private sector employer. Nearly 18 million Americans are employed in retail jobs and 10 million more are reliant on the industry for work.
The letter continued:
“[W]hen economic challenges strike or government actions such as harmful regulations and overly burdensome taxes emerge, the harm caused often affects the many individuals and industries reliant on retail. Conversely, when the environment is conducive to growth, entire communities can benefit from the retail industry’s success.
“As you advance your vision for growing the economy, we urge you to consider policies that bolster a vibrant retail industry, allowing it to grow, add jobs and better serve consumers.”
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Bank of America Merchants implement First Data solution
Atlanta — First Data Corp. announced that Bank of America Merchant Services will offer the First Data OfferWise solution to all eligible merchants’ 650,000 U.S. locations through 2Go Media’s iDeals Marketing Platform.
The integration of the First Data OfferWise solution through an API developed by CardSpring will allow Bank of America Merchant Services customers to electronically attach offers such as deals, eCoupons and loyalty programs to one or more of a consumer’s payment cards or mobile wallets to enable automatic redemption of the offer at the point of sale. The iDeals marketing platform publishes these offers to leading deals sites, local shopping directories and search engines to reach millions of consumers.
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