Analysis of Key Departmental Stores in US based on Overhead ratio (2009-11) November 2011
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SG&A / Sales %
2009
SG & A / Sales (%)
Stage Stores
Sears
23.2%
23.6%
JC Penny
Saks
Kohl’s
Macy’s
Nordstrom
24.0%
27.5% 27.8%
Minimum
Dillard’s
The Bon-Ton Stores
29.2%
33.0%
28.8% 28.9%
Average
Maximum
2010
Kohl’s Stage Stores
Sears
Dillard’s
23.2%
24.1%
27.9%
2011
Minimum
28.3% 28.6%
Saks
JC Penny
BonTon
Macy’s
29.5%
30.7%
32.4%
34.3%
Average
Kohl’s
23.3%
24.3% 24.4%
Dillard’s beats average by a whisker only once
Maximum
Nordstrom
Sears
Stage Stores
Minimum
Nordstrom
JC Penny, Saks, Nordstrom, Macy’s and the Bon-Ton stores have been consistently above average
Dillard’s
27.4%
Macy’s
27.7% 28.4%
Saks
JC Penny
BonTon
29.2%
30.1%
31.6%
Average
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Maximum
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