Dillard’s is the latest retailer to be impacted by the lackluster consumer climate. On Thursday, the Little Rock, Ark.-based department store reported declines in net income, total sales and comparable-store sales.

The department store operator reported mixed results for its fiscal third quarter, with an earnings beat but a slight revenue miss.

Dillard's (NYSE:DDS) reported total retail sales decreased 4% for the 13-week period that ended on November 2. Sales in comparable stores for that same period decreased 4%. Cosmetics was the strongest performing merchandise category,

Compared to some rivals, the department store is less dependent on the holiday quarter when it comes to the year’s operating profits.

Summary of 39-Week Year-to-Date (YTD) Period Net sales for the 39 weeks ended November 2, 2024, and October 28, 2023, were $4.47 billion and $4.63 billion, respectively. Retail gross margin was 43.3 percent of sales in the YTD period, compared to 43.7 percent of sales in YTD last year;

Upscale retailer Dillard’s reported Thursday (Nov. 14) net income of $124.6 million in its third quarter, down from $155.3 million one year ago. Diluted earnings per share was $7.73