Tuesday, July 13, 1999

Dillard's at Kenwood loses day to inventory




BY LISA BIANK FASIG
The Cincinnati Enquirer

        Shoppers at the Kenwood Dillard's store were greeted early Monday by sales staff who had to turn them away because an inventory check stretched beyond its morning deadline and into the afternoon.

        The retailer had begun inventory at its Kenwood Towne Centre store Sunday and was to reopen Monday morning. But unexplained problems extended the closing late into the afternoon, inconveniencing shoppers and those with hair and mammogram appointments.

        The store reopened between 3 and 3:30 p.m.

        Sources at the store and Dillard's headquarters in Little Rock, Ark., did not return calls Monday. Wanda Wagner, general manager at Kenwood Towne Centre, said the mall was not notified of the closing, but that is not atypical in an inventory situation.

        None of Dillard's other area stores was closed Monday, though several roped off certain areas for inventory check. Some stores managed the count by working overnight.

        Cheryl Clevenger worked at the corporate offices of Mercantile Stores Co. Inc., owner of McAlpin's stores, before Dillard's acquired the chain. She said McAlpin's used to close for inventory at 5 p.m., usually on a Tuesday, and finish before midnight.

        But it's not unusual for a retailer to close a store to count inventory, said Bernard Sosnick, a retail analyst with Genesis Merchant Group Securities in New York. A Monday afternoon would mean “zip” in terms of lost business, he said. “It's nothing.”

       



Fifth Third gains Peoples
- Dillard's at Kenwood loses day to inventory
INDUSTRY NOTES: BANKING
TRISTATE SUMMARY
PEOPLE ON THE MOVE
TRISTATE MARKET SPOTLIGHT