DDS News

Dillard’s, Inc. (NYSE: DDS) ("Dillard’s" or "the Company") announced that it has amended its $800 million senior unsecured revolving credit facility consistent with the Company’s liquidity needs. The amended credit facility is secured by inventory of certain subsidiaries. A $200 million expansion option remains in place and the maturity date remains August 9, 2022.

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Dillard’s, Inc. (NYSE: DDS) (the "Company" or "Dillard’s") announced operating results for the 13 weeks ended May 2, 2020. This release contains certain forward-looking statements. Please refer to the Company’s cautionary statements included below under "Forward-Looking Information." In particular, these results include certain effects of the COVID-19 pandemic which has had, and is continuing to have, a significant negative impact on the Company’s business, results of operations and financial position. Given the uncertainty surrounding the COVID-19 pandemic and its economic effects, the related financial impact to fiscal 2020 cannot be reasonably estimated at this time. For a more detailed discussion of the factors that could materially and adversely affect Dillard’s business, financial condition and results of operations, see the caption "Risk Factors" in the Company’s most recent Form 10-K filed on March 31, 2020, as updated by our periodic filings with the SEC.

The U.S. death toll from the coronavirus that causes COVID-19 rose above 87,000 on Saturday, as new outbreaks were reported from states where stay-at-home orders are set to expire and in states that never imposed them, raising concerns that the reopening of economies will spur new infections.

Dillard’s, Inc. (NYSE:DDS) (the "Company" or "Dillard’s") conducted its annual meeting of stockholders today in Little Rock, Arkansas with Dillard's Chairman of the Board and Chief Executive Officer, William T. Dillard, II, presiding.

Dillard’s, Inc. (NYSE: DDS) ("Dillard’s" or "the Company") announced plans to re-open 55 stores in select locations following their temporary closure due to the COVID-19 pandemic.

Dillard’s, Inc. (NYSE: DDS) (the "Company" or "Dillard’s") announced that the Board of Directors declared a cash dividend of $0.15 per share on the Class A and Class B Common Stock of the Company payable August 3, 2020 to shareholders of record as of June 30, 2020.

Dillard's (DDS) first-quarter fiscal 2020 results reflect significant losses due to coronavirus- related store closure mandates enforced. Recent store re-openings show positive trends.

Shares of department-store chain Dillard's (NYSE: DDS) were climbing higher on Friday, after the company reported earnings for the first quarter of 2020. About half of Dillard's locations remain closed. Dillard's has 285 store locations, and they were all closed by April 9 because of the coronavirus.

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Dillard's swung to a first-quarter loss as sales dropped to about half the year-earlier level. The retailer is reopening some stores.

Dillard's (DDS) delivered earnings and revenue surprises of -350.65% and -11.59%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?

Despite solid e-commerce efforts and product launches in the activewear space, Dillard's (DDS) Q1 performance is likely to have been hurt by higher costs and store closures due to COVID-19.

Investors may want to consider stocks of companies that have announced the repayment of their revolving credit lines.

Dillard's (DDS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

"As we reopen stores, we see positive things happening," CEO William Dillard said.

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Dillard's Inc. shares were up 6% in after-hours trading Thursday after the seller of fashion apparel, cosmetics, and home furnishings reported a smaller fiscal first-quarter loss than expected, as well as the reopening of stores. Dillard's reported a net loss of $162 million, or $6.94 a share, compared with net income of $78.6 million, or $2.99 a share, in the year-ago quarter. Net sales plunged 46% to $786.7 million from $1.46 billion a year ago. The good news is that Dillard's says it plans to reopen 116 stores and five clearance centers next week. Once they are open, the company will have 241 stores and 29 clearance centers in service. "COVID-19 has impacted every aspect of our business. The mall business in general and department stores, specifically, have been particularly hard hit," Dillard's Chief Executive William T. Dillard II said in a statement announcing the results. Analysts surveyed by FactSet had expected a loss of $7.16 a share on sales of $822 million. Dillard's shares are down 59% in the last year. The broader S&P 500 index is down 0.8% in the last year.

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