Dillard’s Inc. Reports Third Quarter Results
The News Review:
- Dillard’s Inc. Reports Third Quarter Results
- Hurricane season typical — except for Ike
- Bye bye hurricane season
- Blanco County Praised by Hurricane Response Managers
- One Million Tons of Hurricane Ike Storm Wood Offered for Delivery …
- Weak economy continues to hammer Dillard’s operations
Dillard’s Inc. Reports Third Quarter Results
MarketWatchnbsp;
Advertising Selling Administrative
and General Expenses
Advertising selling administrative and general (“S G A”) expenses
declined $30. 3 million during the third quarter as a result of expense
saving measures implemented earlier in the fiscal year. Notable savings
in payroll and related payroll taxes advertising services purchased
and supplies were partially offset by increases in hurricane-related
expenses. Dillard’s has taken additional expense saving measures. Management believes recent expense saving initiatives will provide an
additional S G A savings of approximately $70 million in 2009. Included in S G A expenses for the thirteen weeks ended November 1
2008 were approximately $4.
Related from Affiliaterevenuemonster: Ready Mix, Inc. Reports Third Quarter Results
Hurricane season typical — except for Ike
United Press Internationalnbsp;
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COLLEGE STATION Texas Nov. 26 (UPI) — Storm watchers say this year’s U. hurricane season was typical with one exception: Hurricane Ike which showed how misleading labeling hurricanes can be. A Category 2 storm Hurricane Ike bombarded the Texas Gulf Coast in September causing $11. 4 billion in damage which Texas AM atmospheric sciences Professor John Nielsen-Gammon says makes it the most expensive storm in Lone Star history.
Bye bye hurricane season
Tampa Bay Newspapersnbsp;FLnbsp;
Only two storms impacted the state this year – Tropical Storm Fay in August and Hurricane Gustav in September. Neither storm caused damage in Tampa Bay. Sixteen named storms formed this season. Of that number eight strengthened into tropical storms and eight became hurricanes. Five of the eight strengthened into major hurricanes category 3 or above.
Blanco County Praised by Hurricane Response Managers
Blanco County Newsnbsp; USAnbsp;
quot;At one point when it looked like Hurricane Ike was going to hit the Corpus Christi area we had a lot of people come to San Antonio seeking shelter. Then Ike shifted its target farther east so all those people went home but a new evacuee population began showing up from the coast east of Corpus and finally from the Houston-Galveston area. quot;That meant San Antonio shelters opened early and stayed open as evacuees cycled through putting a greater demand on facilities supplies and volunteers. quot;Helping support that demand is the job of Voluntary Organizations Active in Disasters (VOAD)quot; explained Harvey Howell who is president of the San Antonio VOAD in addition to serving as a national response team member for Presbyterian Disaster Assistance. quot;The VOAD pulls together a variety of volunteer and religious entities so they know each other understand who can provide which resources and gets members trained in advance so they can step into a disaster response quickly and be effective immediatelyquot; Howell added.
One Million Tons of Hurricane Ike Storm Wood Offered for Delivery …
MarketWatchnbsp;
25 2008
NEW YORK Nov 25 2008 (GlobeNewswire via COMTEX) –
Green Energy Resources (Pink Sheets:GRGR) is offering Hurricane Ike storm wood for delivery anywhere in the US or Canada. The wood biomasse can be used for wood ethanol pellet application or power generation. The company will utilize a plethora of logistical resources to transport by barge ship or rail at competitive prices. Green Energy Resources can make available over 1 million tons in staged deliveries over the next year.
Weak economy continues to hammer Dillard’s operations
Bizjournals.comnbsp;NCnbsp;
During the quarter Dillardrsquo;s recorded asset impairment and store-closing charges of $9. 3 million as a result of the company closing seven under-performing stores including its 120000-square-foot Rivercenter Mall store in Downtown San Antonio. The company also took a $4. 4 million charge related to hurricane expenses during the quarter. The company closed its Mall of the Mainland store in Texas City during the quarter after experiencing severe damage from Hurricane Ike. Dillardrsquo;s has been in the process of closing under-performing stores as a result of the weak economy. ldquo;The oppressive economic environment clearly weighed heavily on our results during the third quarter.