Dillard's
21 named things its latest annual report says its results depend on, each in the company's own words. 13 of them are also named by other companies we've read.
Partners and platforms
JPMorgan Chase Bank, N.A.
depends on · $800 millionThe facility was arranged by JPMorgan Chase Bank, N.A.Market risk (Item 7A)
Citibank, N.A. (Citi)
earns fromnamed as a riskIf the income or cash flow that the Company receives from the Citibank Alliance decreases, our operating results and cash flows could be adversely affected.Risk factors (Item 1A)
Mastercard
depends onUnder the Citibank Alliance, Citi establishes, owns and manages Dillard’s private label credit cards, including a new co-branded Mastercard Incorporated card (“Mastercard,” collectively, the “private label cards”).Business (Item 1)
Also named by AXP, CASH, COF, CPAY, EEFT, FIS, FISV, GPN and 7 more
Other companies
Holiday season (fiscal fourth quarter)
concentrated in · approximately one-third of annual salesnamed as a riskDue to holiday buying patterns, sales for that period average approximately one-third of annual sales.Business (Item 1)
CDI Contractors, LLC
earns from · 4named as a riskThe Company also operates a general contracting construction company, CDI Contractors, LLC (“CDI”), a portion of whose business includes constructing and remodeling stores for the Company.Business (Item 1)
Shopping malls
operates innamed as a riskIn addition, any significant decreases in shopping mall traffic could also have an adverse effect on our results of operations.Risk factors (Item 1A)
Private label brands (Antonio Melani, Gianni Bini, GB, Roundtree & Yorke, Daniel Cremieux)
earns fromnamed as a riskThe expansion of our private label merchandise subjects us to certain additional risks.Risk factors (Item 1A)
Vendor allowances
depends onnamed as a riskWe receive vendor allowances for advertising, payroll and margin maintenance that are a strategic part of our operations.Risk factors (Item 1A)
Places
Southwest, southeast and midwest United States
concentrated in · 271 Dillard’s storesCustomers 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.Business (Item 1)
Red Sea
depends onnamed as a riskFor example, many disruptions in the global transportation network have occurred recently, including attacks on shipping vessels in the Red Sea and on the Strait of Hormuz,Risk factors (Item 1A)
Strait of Hormuz
depends onnamed as a riskFor example, many disruptions in the global transportation network have occurred recently, including attacks on shipping vessels in the Red Sea and on the Strait of Hormuz,Risk factors (Item 1A)
U.S. energy producing regions
concentrated innamed as a riskDue to the Company’s concentration of stores in energy producing regions, volatile conditions in these regions could adversely affect the Company’s sales.Risk factors (Item 1A)
Hazards
Gulf and Atlantic coast hurricanes (named storms)
concentrated in · approximately 71 storesnamed as a riskWe have approximately 71 stores along the Gulf and Atlantic coasts that are covered by third-party insurance but are self-insured for property and merchandise losses related to “named storms.”Risk factors (Item 1A)
Commodities and inputs
Cosmetics
earns from · 16Dillard’s, Inc. (“Dillard’s”, the “Company”, “we”, “us”, “our” or “Registrant”) ranks among the nation’s largest fashion apparel, cosmetics and home furnishing retailers.Business (Item 1)
SOFR
exposed to its pricenamed as a riskThe Company is exposed to market risk from changes in the interest rates under its $800 million revolving credit agreement.Market risk (Item 7A)
Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more
Fuel
exposed to its pricenamed as a riskFluctuations in the price and availability of fuel, labor and raw materials as a result of inflation and other factors, combined with the inability to mitigate or to pass cost increases on to our customers or to change our merchandise mix as a result of such cost increases, could have an adverse impact on our profitability.Risk factors (Item 1A)
Also named by ASO, CARR, COR, CPNG, CPRT, DKS, DY, ECG and 16 more
Laws and programs
California Consumer Privacy Act
subject tonamed as a riskThe regulatory environment surrounding information security, cybersecurity, and privacy is increasingly demanding, with new and changing requirements, such as the California Consumer Privacy Act.Risk factors (Item 1A)
Also named by AAP, AIOT, AKAM, ALL, APP, AYI, BAC, BBSI and 69 more
Uyghur Forced Labor Prevention Act
subject tonamed as a riskOther trade restrictions imposed by the United States Government, including increased tariffs or quotas, embargoes, safeguards, and customs restrictions against apparel items, (such as the Uyghur Forced Labor Prevention Act), as well as United States or foreign labor strikes, work stoppages, or boycotts, could increase the cost or reduce the supply of merchandise available to us or may require us to modify our current business practices, any of which could adversely affect our profitability.Risk factors (Item 1A)
Also named by AMRC, ANET, ASO, CROX, FND, FSLR, LULU, MPWR and 7 more
U.S. tariffs on China imports
subject tonamed as a riskSince 2018, the United States has imposed additional tariffs on certain items sourced from foreign countries, including China, and has modified, withdrawn from and renegotiated some of its trade agreements with foreign countries.Risk factors (Item 1A)
Federal and state credit card laws
subject tonamed as a riskCredit card operations are subject to numerous federal and state laws that impose disclosure and other requirements upon the origination, servicing, and enforcement of credit accounts, and limitations on the amount of finance charges and fees (including late fees) that may be charged by a credit card provider.Risk factors (Item 1A)