Dillards Company is one of the largest operating home furnishing retailer, fashion apparel, and cosmetic

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Dillards Company is one of the largest operating home furnishing retailer, fashion apparel, and cosmetic. The ticker symbol of Dillard’s Inc is DDS while the CIK Number is 0000028917. The Company also has a website The Company experienced a difficult business performance during 2015 financial year.  In the competitive environment, the Company tried to control its inventory since the sales were less than projected. The retail sales of the company in 2015 decreased by 2 percent compared with the sales of 2014. Net income decreased from $ 7.79 per share, $331.9 million in 2014 to $6.91 per share, $269.4 million in 2015 financial year (“Dillard’s, Inc. – Annual Report”). The pre-tax gain of $12.6 million was included in the net income of 2015 fiscal year. The company had a working capital f $917.7 million at the start of January 30th, 2016 (“Dillard’s, Inc. – Annual Report”).

The CEOs letter to the shareholders includes the financial status of the country for the last five years consecutively (2011, 2012, 2013, 2014, and 2015) (“Dillard’s, Inc. – Definitive Proxy Statement”). The CEO breaks down the financial progress of the company to the shareholders to explain the manner in which business has been operating. The results and operations of the finances are explained in depth. In other words, the letter entails information pertaining the reporting segment of the company which is found in the discussion of the management and the results of operation and analysis of financial conditions (“Dillard’s, Inc. – Definitive Proxy Statement”). The letter further, outlines the need to have fifteen directors of the company where five of them will be representing Class A shareholders while Class B shareholders will be represented by the other ten directors. The letter touches the manner in which to tackle a proposal so as to amend the Certificate of Incorporation. Through this, the Company can change its name to Dillard’s Inc from Dillard Department Stores.

William T. Dillard II is the CEO of Dillard’s Inc. since 1998. He is also the chairman to the board since 2002. William T. Dillard II is 71 years old (“Stock Quotes & Company News | Reuters.Com”). His son, William T. Dillard III is Dallard’s Inc. Vice President. the Chief Executive Officer (CEO) compensation for the fiscal year 2015 was at 3, 275,956 (“Stock Quotes & Company News | Reuters.Com”).