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Dillard's November sales fall 6%.


Dillard's Inc. said November same-store sales dropped 6 percent.

The decline in sales was greater than Wall Street expected. Analysts predicted a drop of 1.3 percent.

The department store chain said total sales were $574 million, down 6.4 percent from $613.6 million during the same month last year. Meanwhile, year-to-date comparable sales dropped 4 percent, and total sales fell to $5.87 billion from $6.14 billion during the same period last year.

Also Thursday, Dillard's declared a cash dividend of 4 cents a share on the class A and class B common stock. The dividend is payable Feb. 2 to shareholders of record as of Dec. 31.

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Title Annotation:Inside Business
Author:Turner, Lance
Publication:Arkansas Business
Date:Dec 8, 2003
Words:111
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