DILLARDS INC
For the period ended Feb 3, 2024. Filed Mar 29, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 29, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. PROPERTIES
All of our stores are owned by us or leased from third parties. At February 3, 2024, we operated 273 stores in 29 states totaling approximately 46.7 million square feet of which we owned approximately 43.0 million square feet. Our third-party store leases typically provide for rental payments based on a percentage of net sales with a guaranteed minimum annual rent. In general, the Company pays the cost of insurance, maintenance and real estate taxes related to the leases.
The following table summarizes by state of operation the number of retail stores we operate and the corresponding owned and leased footprint at February 3, 2024:
| · · · · · · · · · · | |||||
|---|---|---|---|---|---|
| | | | | | Partially |
| · · · · · · · · Owned · · Owned | |||||
| · · · · · · · · Building · · and | |||||
| · · Number · · Owned · · Leased · · on Leased · · Partially | |||||
| Location · · of Stores · · Stores · · Stores · · Land · · Leased | |||||
| Alabama | 9 | 9 | — | — | — |
| Arkansas | 8 | 8 | — | — | — |
| Arizona | 14 | 13 | — | 1 | — |
| California | 3 | 3 | — | — | — |
| Colorado | 8 | 8 | — | — | — |
| Florida | 40 | 37 | 1 | 2 | — |
| Georgia | 12 | 9 | 3 | — | — |
| Iowa | 3 | 3 | — | — | — |
| Idaho | 2 | 2 | — | — | — |
| Illinois | 3 | 3 | — | — | — |
| Indiana | 3 | 3 | — | — | — |
| Kansas | 5 | 3 | — | 2 | — |
| Kentucky | 6 | 5 | 1 | — | — |
| Louisiana | 14 | 13 | 1 | — | — |
| Missouri | 8 | 6 | 1 | 1 | — |
| Mississippi | 6 | 4 | 1 | 1 | — |
| Montana | 2 | 2 | — | — | — |
| North Carolina | 13 | 13 | — | — | — |
| Nebraska | 2 | 2 | — | — | — |
| New Mexico | 5 | 3 | 2 | — | — |
| Nevada | 5 | 5 | — | — | — |
| Ohio | 12 | 10 | 2 | — | — |
| Oklahoma | 7 | 6 | 1 | — | — |
| South Carolina | 7 | 7 | — | — | — |
| Tennessee | 10 | 9 | 1 | — | — |
| Texas | 55 | 49 | 5 | — | 1 |
| Utah | 5 | 5 | — | — | — |
| Virginia | 5 | 5 | — | — | — |
| Wyoming | 1 | 1 | — | — | — |
| Total | 273 | 246 | 19 | 7 | 1 |
At February 3, 2024, we operated the following additional facilities:
| · · · · · · | |||
|---|---|---|---|
| | | | Owned / |
| Facility · · Location · · Square Feet · · Leased | |||
| Distribution Centers: | Mabelvale, Arkansas | 400,000 | Owned |
| | Gilbert, Arizona | 295,000 | Owned |
| | Valdosta, Georgia | 370,000 | Owned |
| | Olathe, Kansas | 500,000 | Owned |
| | Salisbury, North Carolina | 355,000 | Owned |
| | Ft. Worth, Texas | 700,000 | Owned |
| Internet Fulfillment Center | Maumelle, Arkansas | 850,000 | Owned |
| Dillard's Executive Offices | Little Rock, Arkansas | 333,000 | Owned |
| CDI Contractors, LLC Executive Office | Little Rock, Arkansas | 25,000 | Owned |
| CDI Storage Facilities | Maumelle, Arkansas | 66,000 | Owned |
| Total | | | 3,894,000 |
Additional property information is contained in Notes 1, 12, 13 and 14 in the “Notes to Consolidated Financial Statements,” in Item 8 hereof.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.