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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.

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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 >

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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 >

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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 >

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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 >

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