With 299 store locations in 28 states, Dillard’s is an upscale department store chain that competes against Macy’s and Belk. Although the majority of the business is concentrated in Texas and in Florida, they also have a strong presence in nearby states including in Alabama, Arizona, Colorado, Iowa, Georgia, North and South Carolina and in Virginia. The company is publicly traded on the New York Stock Exchange and is managed mostly by members of the Dillard family.
Their smorgasbord of offerings which include housewares, beauty products, clothing, bedding, furniture, footwear, accessories and jewelries. Dillard’s is best known for their strategic acquisition of businesses that are on the brink of bankruptcy. Through their powerful management, they are able to turn around these businesses and rebrand them a part of their own. This strategy started with the acquisition of Brown-Duncan stores in Tulsa, Oklahoma in 1960. Today, the company is always on the prowl for smaller chains that can easily be snatched and turned into a profitable location where other companies could not operate.
To further push the profitability of the business, they have also launched their website which allows users to shop high-end products and ship it anywhere around the globe. Products offered on this site are categorized into: men, women, children, lingerie, dresses, juniors, shoes, accessories and handbags. Brand names like Ralph Lauren, Chanel, Armani, Versace, Sperry’s and several other high class names are marketed by the business.
With several locations across the United States, the company boasts their largest location at Scottsdale Fashion Square in Scottsdale, Arizona with more than 365,000 square feet of shopping experience. This store location is enclosed in a super-regional mall in the state.