Dillard's 2015 Annual Report Download - page 28

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22
Sales
(in thousands of dollars) Fiscal 2015 Fiscal 2014 Fiscal 2013
Net sales:
Retail operations segment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,388,769 $ 6,490,387 $ 6,439,304
Construction segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 206,857 130,667 92,343
Total net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,595,626 $ 6,621,054 $ 6,531,647
The percent change by segment and product category in the Company's sales for the past two years is as follows:
Percent Change
Fiscal
2015 - 2014
Fiscal
2014 - 2013
Retail operations segment
Cosmetics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.9)% (0.3)%
Ladies' apparel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.3) 2.2
Ladies' accessories and lingerie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.2) 0.8
Juniors' and children's apparel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.0) 3.9
Men's apparel and accessories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2.4) 1.6
Shoes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.5) 0.8
Home and furniture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7.4) (9.9)
Construction segment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58.3 41.5
2015 Compared to 2014
Net sales from the retail operations segment decreased $101.6 million during fiscal 2015 as compared to fiscal 2014,
decreasing 2% in both total and comparable stores. During fiscal 2015, sales of ladies' apparel, ladies' accessories and lingerie,
shoes, juniors' and children's apparel and cosmetics decreased slightly from the prior year. Sales of men's apparel and
accessories decreased moderately over the prior year. Sales of home and furniture declined significantly from last year.
The number of sales transactions during fiscal 2015 decreased 5% over fiscal 2014 while the average dollars per sales
transaction increased 3%.
Net sales from the construction segment increased $76.2 million or 58% during fiscal 2015 as compared to fiscal 2014
due to an increase in construction projects. The backlog of awarded construction contracts at January 30, 2016 totaled
$167.3 million, decreasing approximately 45% from January 31, 2015.
2014 Compared to 2013
Net sales from the retail operations segment increased $51.1 million or 1% during fiscal 2014 as compared to fiscal 2013.
During fiscal 2014 as compared to fiscal 2013, total sales and sales in comparable stores increased 1%. During fiscal 2014,
sales of juniors' and children's apparel, ladies' apparel and men's apparel and accessories increased moderately over the prior
year. Sales of shoes and ladies' accessories and lingerie increased slightly over last year while sales of cosmetics remained
essentially flat. Sales of home and furniture declined significantly from last year.
The number of sales transactions during fiscal 2014 decreased 2% over fiscal 2013 while the average dollars per sales
transaction increased 3%.
Net sales from the construction segment increased $38.3 million or 42% during fiscal 2014 as compared to fiscal 2013
due to an increase in construction projects. The backlog of awarded construction contracts at January 31, 2015 totaled
$304.0 million, increasing approximately 55% from February 1, 2014.