Business Description

contracting construction company, CDI Contractors, LLC (“CDI”), a portion of whose business includes constructing and remodeling stores for the Company. The following table summarizes the percentage of net sales by segment and major product line: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Percentage of Net Sales ​ ​ ​ ​ Fiscal 2025 ​ Fiscal 2024 ​ Fiscal 2023 Retail operations segment: ​ ​ ​ ​ ​ ​ ​ Cosmetics 16 % 16 % 16 % Ladies' apparel 20 20 20 ​ Ladies' accessories and lingerie 14 14 14 ​ Juniors' and children's apparel 9 9 9 ​ Men's apparel and accessories 19 19 19 ​ Shoes 14 14 14 ​ Home and furniture 4 4 4 ​ ​ 96 96 96 ​ Construction segment 4 4 4 ​ Total 100 % 100 % 100 % ​ Additional information regarding our business, results of operations and financial condition, including information pertaining to our reporting segments, can be found in Management’s Discussion and Analysis of Financial Condition and Results of Operations in Item 7 hereof and in Note 2 in the “Notes to Consolidated Financial Statements” in Item 8 hereof. Customers may visit us in person at any of our retail stores located primarily in shopping malls and open-air centers throughout the southwest, southeast and midwest regions of the United States. Our customers may also visit us online at our e-Commerce site, dillards.com, gaining company-wide access to in-store merchandise selections across 30 states as well as in our fulfillment and distribution centers. Customers also have the option to buy online and pickup in store or have their orders shipped directly to their desired location. Dillards.com also serves as a key customer engagement tool with continually updated style and trend content to both educate and inspire our customers. Our retail merchandise business is conducted 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 and Internet retailers.