August 8, 2002

Dillard’s, Inc. Reports July Sales Results

Little Rock, Arkansas, August 8, 2002 - Dillard’s, Inc. (DDS: NYSE) (“Dillard’s” or the “Company”) announced today that sales for the four weeks ended August 3, 2002 were $555,578,000 compared to sales for the four weeks ended August 4, 2001 of $571,842,000. Sales decreased 3% for the four-week period on both a total and comparable store basis.

Sales for the thirteen weeks ended August 3, 2002 were $1,817,976,000 compared to sales for the thirteen weeks ended August 4, 2001 of $1,828,304,000. Sales for the period decreased 1% on a total basis. Sales in comparable stores were flat for the thirteen-week period.

Sales for the twenty-six weeks ended August 3, 2002 were $3,728,855,000 compared to sales for the twenty-six weeks ended August 4, 2001 of $3,748,613,000. Sales decreased 1% for the twenty-six-week period on both a total and comparable store basis.

Dillard’s, Inc. is one of the nation’s largest fashion apparel and home furnishing retailers. The Company’s stores operate with one name, Dillard’s, and span 29 states. Dillard’s stores offer a broad selection of merchandise, including products sourced and marketed under Dillard’s private brand names.

You may access a recorded message discussing July sales results by dialing 1-800-493-7952 after 9:00 a.m. Eastern today.


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