LITTLE ROCK, Ark. - Dillard's Inc. (NYSE: NYSE:DDS), a well-known department store chain, has introduced The Coterie Shop, a new retail concept featuring the works of four fashion entrepreneurs. The shop, which is available in selected Dillard's locations and online, showcases luxury apparel for special occasions and casual wear from Abbey Glass, Buru, Crosby by Mollie Burch, and Fanm Mon.
The Coterie Shop aims to offer customers unique design perspectives, with each brand bringing a distinct approach to fashion. Alexandra Dillard Lucie, Dillard's Vice President of Merchandising, expressed the company's excitement about the partnership, highlighting the artisans' talents and the beautiful pieces they create.
Abbey Glass, a luxury womenswear brand, emphasizes confidence and playful elegance through custom fabrics and prints. Founded in 2015 by a classically trained designer, the brand offers versatile clothing for women to express their individual style.
Buru, established in 2013, is designed with the modern woman in mind, offering bold textiles and unique silhouettes. The brand's founder, Morgan Hutchinson, was inspired by her own experience as a new mother seeking functional yet stylish clothing.
Crosby by Mollie Burch is recognized for its vibrant colors and original prints. Mollie Burch, the CEO and Creative Director, designs each style with the aim of creating joy and confidence for women through fashion.
Fanm Mon, founded by Sophia Demirtas in 2013, pays tribute to Haitian couture with its colorful motifs and unique silhouettes. The brand celebrates the craftsmanship of Haiti, Ukraine, and Turkey, where it employs local artisans.
The Coterie Shop is part of Dillard's effort to offer exclusive and inspiring fashion experiences to its customers.
The information in this article is based on a press release.
InvestingPro Insights
In the wake of Dillard's Inc. (NYSE: DDS) launching The Coterie Shop, a closer look at the company's financial health through InvestingPro reveals several key metrics that may interest investors. Dillard's boasts a strong financial position, with a market capitalization of $6.87 billion USD and a robust Price-to-Earnings (P/E) ratio of 9.04, which slightly adjusts to 9.02 when considering the last twelve months as of Q3 2024. This indicates that the company is potentially undervalued compared to its earnings.
Additionally, Dillard's has demonstrated resilience and commitment to its shareholders by raising its dividend for 10 consecutive years, and remarkably, maintaining dividend payments for 53 consecutive years. This is a testament to the company's stable cash flow, which can sufficiently cover its interest payments, as noted in one of the InvestingPro Tips. Moreover, the company's liquid assets exceed its short-term obligations, providing it with a solid liquidity position.
Investors may also be encouraged by the company's recent performance, with a 3-month price total return of 42.04% and trading near its 52-week high, at 98.72% of the peak price. This indicates a strong market confidence in Dillard's, which is also supported by a significant 6-month price total return of 28.96%. For those seeking further insights and tips, there are additional InvestingPro Tips available, which can be accessed by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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