Department store chain Dillard's says it will continue to focus on closing under-performing stores, reducing expenses and improving its merchandise in 2008.
Dillard's officials told shareholders over the weekend that it will close another six stores this year. The stores and locations were not released. The company says it has already closed three under-performing stores in so far this year. The company expects to open just four new stores in 2009.
Same-store sales, or sales at stores open at least a year, fell 4 percent in April, partly due to weak home and furniture sales. Same-store sales is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones.