Market Hit: CE Transact Data Reveals Revenue Struggles of Dillard’s and Other Full-Price Department Store Peers

Department store Dillard’s (DDS) recently reported total revenue growth down -4.4% year over year, close to CE implied reported growth of -4.5% and below consensus of -2.2%. The company also missed on comparable sales.

Dillard’s Revenue Year-Over-Year

Consumer Edge’s US Transact data for DDS has closely tracked CE’s broader Full-Price Department Store peer group. The company’s latest print looks to be another manifestation of that index trailing its sibling, Off-Price Department stores, over the last year.

Full-Line vs. Off-Price Department Store Analysis

Once riding high in the earlier days of the pandemic recovery, Dillard’s and the other full-price banners such as Macy’s and Nordstrom have quietly come back to earth. 

Consumer Edge is the leading provider of alternative data for consumer spending behavior, and the only provider of global revenue signals. If you’d like to benefit from using Transact US or other products for department stores, retail in general, and other industry data year-round to track trends and market hits like these, reach out to insights@consumeredge.com.

About the Authors

Michael Gunther is the VP Head of Insights for the CEIC. Explore more of his insights here and follow him on LinkedIn.

Alex Breslin-Johnson is a Senior Insights Analyst for the CEIC. Follow him on LinkedIn.