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

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…