Dillard’s, Inc. sales for the month of July were $528.3 million compared to sales of $543.9 million last year. Sales decreased 3% for the four-week period in both total and comparable stores.

Sales for the 13 weeks ended July 29, 2006 were $1,686,183,000 compared to sales for the 13 weeks ended July 30, 2005 of $1,693,227,000. Sales were unchanged on a percentage basis for the 13-week period in both total and comparable stores.

Sales for the 26 weeks ended July 29, 2006 were $3,526,140,000 compared to sales for the 26 weeks ended July 30, 2005 of $3,497,313,000. Sales increased 1% for the 26-week period in both total and comparable stores.

During the four weeks ended July 29, 2006, sales were above the average company trend in the Western region. Sales were consistent with trend in the Central region and slightly below trend in the Eastern region.

During the four weeks ended July 29, 2006, sales of cosmetics, lingerie and accessories and furniture significantly exceeded the Company’s average sales performance for the period. Sales of children’s and juniors apparel were significantly below trend.