Dillard's Inc. /zigman2/quotes/200348006/composite DDS +2.85% shares were up 6% in after-hours trading Thursday after the seller of fashion apparel, cosmetics, and home furnishings reported a smaller fiscal first-quarter loss than expected, as well as the reopening of stores. Dillard's reported a net loss of $162 million, or $6.94 a share, compared with net income of $78.6 million, or $2.99 a share, in the year-ago quarter. Net sales plunged 46% to $786.7 million from $1.46 billion a year ago. The good news is that Dillard's says it plans to reopen 116 stores and five clearance centers next week. Once they are open, the company will have 241 stores and 29 clearance centers in service. "COVID-19 has impacted every aspect of our business. The mall business in general and department stores, specifically, have been particularly hard hit," Dillard's Chief Executive William T. Dillard II said in a statement announcing the results. Analysts surveyed by FactSet had expected a loss of $7.16 a share on sales of $822 million. Dillard's shares are down 59% in the last year. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.10% is down 0.8% in the last year.