Jul
31
Dillard’s Needs More Than Real Estate Cash
ByIf you’ve been thinking of Dillard’s Inc. as a beleaguered department store, an activist investor suggests it’s time to change your perspective.
“Dillard’s is essentially an underleveraged real estate company that is masquerading as a low productivity retailer,” said Jeffrey Pierce, a managing partner at Snow Park Capital Partners, in an email to Bloomberg News’s Scott Deveau…