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Markdowns Result in a “Disappointing” Quarter for Dillard’s

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

Dillard’s department store, which operates 265 full-line locations and 27 clearance centers across 29 states, reported a “disappointing” third quarter Thursday. In a nutshell: The department store chain saw gross margin decline by 87 basis points during the period ended Nov. 3, 2018, on increased markdowns. Inventory for the quarter increased by 4 percent compared to…

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