Dillard’s closes its stores from August 27 – Best Life

The past few years have created a perfect storm of instability for the retail landscape. In 2020, consumers flocked online to shop amid COVID lockdowns, which severely affected in-store sales and even forced some retailers like Modell’s Sporting Goods and Lord & Taylor to close all of their physical stores. Even big names that have survived like CVS and H&M have recently closed stores as part of increased efforts to focus more on digital growth. Now, record inflation could serve as another nail in the coffin for retailers struggling to stay afloat. Recently, a popular clothing company revealed it would be closing stores this month, while noting that business had “softened up”. Read on to find out which retailer is closing stores in August.

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Apparel companies have had a particularly tough time in recent years, even with the growth of online retail. According to the latest annual retail trade survey from the US Census Bureau released in April 2022, sales at clothing and clothing accessories stores grew from $269.5 billion in 2019 to $201.4 billion in 2020. This happened as “the need for new clothes and accessories for the workplace or social outings has diminished.”

Several clothing companies closed stores as a result. In June, Chico’s and Banana Republic confirmed store closures in the United States. And last month, Loft, Fallas and JCPenney all began closing stores across the country.

Now another popular clothing chain is facing closures.

A store closure sign on a grocery store that is closing due to poor business management

If you’re a frequent shopper at Dillard, you might want to brace yourself for news that the clothing chain is closing stores.

According to Chain Store Age, the company announced in its second quarter report that at least two locations were to close: Dillard’s at Sikes Senter in Wichita Falls, Texas; and the Dillard’s at the East Hills Mall in St. Joseph, Missouri. “Both sites are expected to close in the third quarter,” Dillard said in an Aug. 11 report.

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The logo of a Dillard's department store is visible on a clear blue sky day.  Dillard's was started in 1938 in Nashville, Arkansas and today has the app

Following conflicting reports from Dillard, St. Joseph News-Presse confirmed that Dillard’s liquidation in the East Hills mall would in fact close on August 27, as indicated by a message on the store’s phone line. According to the newspaper, the location was originally announced to close in April after the store’s roof was damaged in a tornado in March, but in May a statement was issued saying the location would remain open.

The Wichita Falls Dillard’s also faced conflicting reports. On May 12, the Texoma homepage reported that a spokesperson for Dillard had confirmed that the store would close in 2022. Then, just two weeks later, it was reported that Dillard had canceled plans to closure following agreements with the new management of the shopping centre. But like Missouri Dillard, Texas Dillard will indeed close on August 27, according to Texoma’s homepage.

A Dillard department store

According to the recent report, Dillard’s currently operates 250 stores and 29 clearance centers in 29 different states. The company actually plans to open a new store in the fall of 2023, at the Empire Mall in Sioux Falls, South Dakota.

Nevertheless, the CEO of Dillard William T. Dillard II said while “first-half performance was much better than last year” as net profit rose 21%, inflation weakened business as consumers began to rein in spending. “Business softened during the quarter,” Dillard said in the report.

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