Dillard's 2003 Annual Report Download - page 10

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PART I
ITEM 1. BUSINESS.
General
Dillard's, Inc. (the "Company" or "Registrant") is an outgrowth of a department store originally founded in 1938 by
William Dillard. The Company was incorporated in Delaware in 1964. The Company operates retail department stores
located primarily in the Southwest, Southeast and Midwest.
We conduct our retail merchandise business under highly competitive conditions. Although we are a large regional
department store, we have numerous competitors at the national and local level that compete with our individual stores,
including specialty, off-price, discount, internet, and mail-order retailers. Competition is characterized by many factors
including location, reputation, assortment, advertising, price, quality, service and credit availability. We believe that our
stores are in a strong competitive position with regard to each of these factors. The Company's earnings depend to a
significant extent on the results of operations for the last quarter of its fiscal year. Due to holiday buying patterns, sales
for that period average approximately one-third of annual sales.
For additional information with respect to the Registrant's business, reference is made to information contained under the
headings “Net sales,” “Net income,” “Total assets” and “Number of employees-average,” under item 6 hereof.
The Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K are
available free of charge on the Dillard’s, Inc. Web site:
www.dillards.com
The information contained on the Company’s web site is not incorporated by reference into this Form 10-K and should
not be considered to be a part of this Form 10-K. These reports are available as soon as reasonably practicable after such
material is electronically filed with or furnished to the Securities and Exchange Commission.
ITEM 1A. EXECUTIVE OFFICERS OF THE REGISTRANT.
The following table lists the names and ages of all Executive Officers of the registrant, the nature of any family
relationship between them and all positions and offices with the Registrant presently held by each person named. All of
the Executive Officers listed below have been in managerial positions with the registrant for more than five years.
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