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Article: Dillard's finds jewel at Mercantile. (Dillard Inc.'s acquisition of a division of Mercantile Stores Company Inc.)
- Article from:
- Arkansas Business
- Article date:
- July 27, 1998
- Author:
CopyrightCOPYRIGHT 1998 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LR Retailer Could Implement Day Spas Into Its New Construction
Dillard's inc., in a holding pattern since May in its attempt to acquire Mercantile Stores Co., has found a pearl of great value within Mercantile's divisions.
The Fairfield, Ohio, company, which has 103 stores in 17 states, has extremely profitable day spas within the firm's hair and nail salon department.
Mercantile exceeded $100 million in revenue last year at its hair and nail salon departments, partly because of the day spas, which provide massages, manicures, pedicures and even soaking tubs. The firm's McAlpin's Day Spa & Salon in a Cincinnati mall has 188 stations, making it possibly ...