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,

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

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;

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.