http://dillards.com

Today's Stock Snapshot (DDS)

  • 92.04 +0.96
  • Open:
  • High:
  • Low:
  • Vol:

Dillard's Inc.

Dillard’s Inc. is a chain of fashion apparel and home furnishings retailers with annual revenues of about $6 billion. The company grew from a single small store in Nashville (Howard County) founded by William Dillard, who died in 2002.

Notable acquisitions include Dillard’s purchase of the Joseph Pfeifer Department Stores in Little Rock and Hot Springs in 1963 for a rumored $3.5 million, and its $2.9 billion buy of the 103-store, Fairfield, Ohio-based Mercantile Stores Co. in May 1998.

Publicly traded since June 1989, the department store chain offers a variety of merchandise, including private-level products, at about 300 stores in more than 20 states.

In April 2008, James Mitarotonda, the hedge fund investor with Barington Capital Group and its ally Clinton Group Inc. reached an agreement with Dillard's to elect four new nominees to the Dillard's board to avoid a proxy fight.

Dillard plans for 2008 included closing underperforming stores, reducing capital and other expenses and improving the merchandise. Dillard's reported a fiscal year 2008 loss and continued to see quarterly losses and monthly same-store sales declines in 2009.

After aggressively cutting costs and trimming underperforming stores, the company has bounced back. "Dillard's was in freefall," Howard Davidowitz, chairman of Davidowitz & Associates Inc., a national retail consulting and investment banking firm in New York, said in May 2010. "I think we can say they're no longer in freefall."

A year later, the success continued, and Dillard's stock price hit record highs.

Related People

Related News

Dillard Family Members Paid $19 Million in 2013

2013 was not as lucrative as 2012 for the family that controls Dillard's Inc., but eight members of the Dillard family had compensation packages that totaled more than $19 million, according to the annual proxy statement released Wednesday. read more >

Dillard's Signs Credit Card Agreement With Wells Fargo

Dillard's Inc. of Little Rock says that Wells Fargo & Co. will handle the publicly traded department store chain's credit cards. read more >

Dillard's to Give $1M to Ronald McDonald House Charities

Dillard's Inc. of Little Rock says that it will give more than $1 million to local chapters of Ronald McDonald House Charities. read more >

Dillard's Shatters All-Time Record

Dillard's Inc. of Little Rock broke its own all-time record on Friday when its share price closed at $95.58, up 3 percent from its Thursday close. read more >

Dillard's Announces Dividend, New $250M Share Repurchase Program

Dillard's Inc. announces a cash dividend of 6 cents per share payable to shareholders of class A and B common stock on Feb. 3, 2014. read more >

Dillard's 3Q Profit Up 5 Percent to $50.9M

Dillard's Inc. of Little Rock on Thursday reported third-quarter net income of $50.9 million, up 5 percent from $48.5 million in the same quarter last year. read more >

Murphy Oil Spins Off Murphy USA Retail Outlets

R. Andrew Clyde will be president and CEO of the new publicly traded company, which will include the Murphy USA retail outlets, seven product distribution terminals and two ethanol production facilities in North Dakota and Texas. The spinoff also marks the second retirement of Murphy Oil CEO Steven Cossé. He will be succeeded Friday by Roger Jenkins, who has been Murphy Oil's executive vice president and chief operating officer. read more >

Dillard's Inc. Increases Cash Dividend to 6 Cents Per Share

Having paid a a 5-cent quarterly dividend since June 2011, Dillard's Inc. of Little Rock decides to increases its cash dividend 20 percent to 6 cents per share, part of the department store chain's efforts to put the cash on its balance sheet to work. read more >

Dillard's Inc. 2Q Net Income Up 18 Percent to $36.5M

Dillard's Inc. of Little Rock reports second-quarter net income of $36.5 million, up about 18 percent from $31.0 million in the same quarter last year. read more >

Davy Carter Names 3 to Arkansas Health Insurance Marketplace Board

Arkansas House Speaker Davy Carter, R-Cabot, announced Monday his three appointments to the Arkansas Health Insurance Marketplace board. read more >

UA To Offer Online Business Analytics Program

The University of Arkansas has launched an online certificate program in business analytics that aims to help workers interpret large amounts of data. read more >

Shares of Dillard's Close Again at Record High

Dillard's Inc. of Little Rock broke its own all-time record high on Monday when its share price closed at $92.18 on Monday. The high share price comes on the heels of Dillard's annual shareholders' meeting on Saturday. read more >

At Annual Meeting, Dillard's Mulls What to Do With Cash

Dillard's Inc. CEO William Dillard II says the Little Rock department store chain will have to decide this year what to do with the cash it's generating. read more >

Dillard's 1Q Profit Another Record, Up 19 Percent

Dillard's Inc. of Little Rock reports first-quarter profit of $112.8 million, excluding one-time items, which is a 19 percent increase from the same time last year. First-quarter net sales reached $1.549 billion, flat compared to the same quarter last year and missing analysts' predictions by $6 million. read more >

Wal-Mart No. 1 on Fortune 500 List; Windstream Joins for First Time

Wal-Mart Stores Inc. of Bentonville regains the top spot on Fortune magazine's annual list of the country's largest corporations. Meanwhile, Windstream Corp. of Little Rock joins the list for the first time, ranking No. 414. read more >

For Dillard's, One Door Closes and Another Opens

Store closings and store openings are routine for big retailers, including department store chain Dillard's Inc. of Little Rock, which made news on both ends of the spectrum this week. read more >

Dillard Siblings Realize $100 Million From Stock Options in 2012

Dillard's CEO William Dillard II and his brother, company President Alex Dillard, each realized $31.1 million from exercising stock options last year, while brother Mike and sister Drue Matheny realized $18.8 million each. read more >

Acumen Brands of Fayetteville Gets $83M Investment

Acumen Brands of Fayetteville receives an $83 million investment from New York firm General Atlantic, according to documents filed Thursday with the U.S. Securities and Exchange Commission. read more >

R. Brad Martin to Leave Dillard's Board

The former chairman and CEO of Saks Inc. joined the board in 2008 at the behest of an activist investor. read more >

Commission Chooses CDI Construction, Hunt to Renovate Robinson Center

CDI Contractors LLC of Little Rock and Hunt Construction Group Inc. of Phoenix will lead the renovation of Robinson Center Music Hall. read more >