Dillard's shares fell nearly 4% on Thursday after the retailer reported second-quarter results that missed revenue expectations. Net sales reached $1.51 billion, falling short of the $1.53 billion analyst forecast and declining marginally year-over-year. While net income surged 34% to $97.7 million, or $6.25 per share, beating estimates of $4.32, the figure included a $28.4 million post-tax payment from the federal government compensating for tariff-related losses. Excluding this one-time payment, profit would have been $69.3 million, below the prior year's $72.8 million. The company used the federal disbursement to strengthen its balance sheet, ending the quarter with over $1.2 billion in cash and retiring $96 million in debt.

Dillard's met revenue expectations in Q2 2026, reporting sales of $1.53 billion, flat year on year. The department store chain's GAAP profit of $6.25 per share exceeded analyst estimates by 44.6%, aided by $37.2 million in tariff refunds. Operating margin improved to 11.6%, up from 6.1% in the prior-year quarter. Same-store sales rose 1% year on year. However, free cash flow declined to -$59.47 million from $60.09 million in the same period last year. The company ended the quarter with over $1.2 billion in cash and short-term investments after paying off $96 million in debt. Dillard's operates 272 locations, unchanged from the previous year. Analysts expect revenue to grow 1.6% over the next 12 months.

Trademark Property Company advances renovations and leasing activity at Longview Mall. The firm acquired the 646,000-square-foot property in partnership with Dillard's last year. LONGVIEW, TX (July 13, 2026) - Trademark Property Co. (Trademark), a mixed-use investor, developer, and operator, is advancing a series of renovations and announcing continued leasing activity at Longview Mall as part of an effort to strengthen its role as a leading community destination. The updates follow Trademark's acquisition of the 646,000-square-foot property in partnership with Dillard's, marking the first joint retail acquisition for the two companies, with Trademark leading operations and leasing. "With new retailers opening this year and additional improvements underway, we're continuing to build meaningful momentum at Longview Mall," said Terry Montesi, CEO at Trademark. "These investments are part of a broader strategy to enhance the experience, strengthen the tenant mix, and ensure the property continues to serve as a relevant, high-performing community destination for years to come." Recent renovations include parking lot repairs, upgraded exterior lighting, fresh exterior paint, enhanced landscaping, replacement of skylight tinting, and upgrades to the specialty leasing retail merchandising unit. Additional enhancements planned include a new children's play area, interior painting, and updated seating throughout common areas. Among the forthcoming retailers at Longview Mall are Pandora, Barnes & Noble, and a Dillard's Men's Store, expanding Dillard's current footprint at the property. Pandora is expected to open this fall, while Dillard's Men's Store and Barnes & Noble will open in spring 2027. "These new leases demonstrate the strength of our leasing strategy at Longview as we work to evolve the tenant roster," said Daniel Goldware, SVP of Leasing at Trademark. "We're in active conversations with several retailers who view Longview Mall as a highly visible, well-established retail environment that will support their growth. We're excited to reveal details about more retailers and restaurants to come in the months ahead." Located in the heart of the city, Longview Mall offers a market-leading merchandise mix, including Dillard's, Dick's Sporting Goods, JCPenney, HomeGoods, Bath & Body Works, Foot Locker, H&M, Kay Jewelers, Auntie Anne's and Chick-fil-A. Welcoming over 3.7 million visitors a year, it is the only enclosed regional mall within a 45-mile radius, providing convenient access and a diverse shopping experience for East Texas residents. Trademark's national mixed-use, retail, and institutional services portfolio includes Galleria Dallas, Left Bank, Westbend, and Alliance Town Center in Dallas-Fort Worth; Market Street - The Woodlands; Anthem in Arlington; LaCenterra at Cinco Ranch in Katy; Great Hills Market & Station in Austin; Dunham Pointe in Cypress; La Palmera in Corpus Christi; Shawnee Trail in Celina; Shivers Farm in Southlake; Winter Garden Village in Winter Garden, Florida; The Shops at Saddle Creek in Memphis; Perkins Rowe in Baton Rouge; First Street Napa in Northern California; Beachwood Place in Beachwood, Ohio; and Zona Rosa in Kansas City, Missouri. About Trademark Property Company Trademark Property Company is a full-service real estate firm focused on investments, development, and institutional services of retail, multifamily, office, and mixed-use properties. Fort Worth, Texas-based Trademark has invested in, developed, or redeveloped 24 million square feet of mixed-use, multifamily, and retail assets worth $5 billion. Including projects recently awarded, Trademark's experienced team of more than 210 employees is currently operating a 19-property retail and mixed-use portfolio, totaling over 10 million square feet across the country, and is actively advancing two development projects. A three-decade leader in navigating the changing mixed-use real estate landscape, Trademark's purpose is to be extraordinary stewards, enhance communities, and enrich lives. For more information, visit www.trademarkproperty.com or interact on Facebook, LinkedIn, and Instagram.