November 7, 2002

Dillard’s, Inc. Reports October Sales Results

Little Rock, Arkansas, November 7, 2002 - Dillard’s, Inc. (DDS: NYSE) (“Dillard’s” or the “Company”) announced today that sales for the four weeks ended November 2, 2002 were $509,286,000 compared to sales for the four weeks ended November 3, 2001 of $524,401,000. Total sales decreased 3% for the four-week period. Sales in comparable stores decreased 2%.

Sales for the 13 weeks ended November 2, 2002 were $1,794,250,000 compared to sales for the 13 weeks ended November 3, 2001 of $1,872,333,000. Sales for the 13-week period decreased 4% on both a total and comparable store basis.

Sales for the 39 weeks ended November 2, 2002 were $5,523,105,000 compared to sales for the 39 weeks ended November 3, 2001 of $5,620,946,000. Sales decreased 2% for the 39-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 October sales results by dialing 1-800-493-7952 after 9:00 a.m. Eastern today.


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