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Dillard's Daunting Dilemma
By Nathan Parmelee (TMF Scrap)
May 24, 2005

Department store operator Dillard's (NYSE: DDS) reported a rather steep earnings decline this morning, because sales were softer than expected.

This problem isn't exclusive to Dillard's. Many retailers have reported soft or declining numbers this quarter. I think we're on the verge of seeing some bargains among retailers. That said, when it comes to retailers it's going to take a phenomenal valuation to attract me to a department store chain. I can't help but wonder how investors can be surprised when a department store chain disappoints...
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