Dillard's Inc
Industry: Retail (Department & Discount)

Dillard's, Inc. operates retail department stores located primarily in the southwestern, southeastern and Midwestern United States. The primary product categories of the Company's stores are cosmetics, women's and juniors' clothing, children's clothing, men's clothing and accessories, shoes, accessories, lingerie and home products. The Company emphasizes its private brand merchandise in order to build penetration and recognition of those brands.

Business Summary
Dillard's, Inc. operates retail department stores located primarily in the Southwest, Southeast and Midwest. The Company's stores are located in suburban shopping malls and offer a selection of fashion apparel and home furnishings. It offers national brand merchandise, as well as the Company's exclusive brand merchandise. Dillard's merchandising categories include cosmetics, women's and juniors' clothing, children's clothing, men's clothing and accessories, shoes, accessories and lingerie and home. During the fiscal year ended January 29, 2005 (fiscal 2004), the Company operated 329 retail department stores in 29 states with gross square footage approximating 56.3 million feet. In addition, it has seven regional distribution facilities of which it owns six and leases one from a third party. All of Dillard's stores are owned or leased from third parties.

Financial Summary
Dillard's, a regional retailer that operates 333 department stores. The stores offer a distinctive mix of name-brand and private label merchandise. Dillard's places emphasis on fashion apparel and home furnishings. For the 26 weeks ended 7/30/05, revenues decreased 2% to $3.57B. Net income fell 7% to $25.7M. Revenues reflect lower comparable store sales. Earnings also reflect lower gross and operating margins.