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Retailers That Are Doing It Right


In Business This Week

RETAILERS THAT ARE DOING IT RIGHT

The retailing industry's woes are widespread, but Nordstrom and Dillard Department Stores are bucking the trend. Nordstrom's first-quarter profits rose 95%, to $26 million, on sales of $611 million. The improved earnings are the result of tighter inventory and operating controls at Nordstrom's 64 stores, as well as layoffs.

Dillard's earnings rose 30%, to $38 million for the first quarter, on sales of $886 million. Most of the company's 186 stores are in the Midwest, South, and Southeast--regions that have escaped the worst of the recession.

News from The Limited wasn't so good. Same-store sales rose only 1%, and earnings fell 18% for the quarter. The Limited's gross margins took a beating when the company decided to consolidate three apparel lines into one.EDITED BY HARRIS COLLINGWOOD


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