What: operating results for the 13 and 52 weeks ended January 30, 2021

Why it is important: 2020 has been a severe year for retailers, who suffered loss in income due to the extended store closures around the world, and Dillard’s is no exception.

Dillard’s reported a net loss of USD 71.7 million for the 52 weeks ended 30 January 2021, compared to net income of USD 111.1 million for the prior year.

Dillard’s Chief Executive Officer William T. Dillard, II stated: "Our year-long efforts to control inventory and expenses and preserve liquidity have resulted in encouraging fourth quarter results. We ended the year with USD 360 million in cash and inventory down 26%. Retail gross margin improved 171 basis points, and operating expenses declined USD 123 million. […]"

Dillard’s, Inc. Reports Fourth Quarter and Fiscal Year Results