Dillard's sales for the four weeks ended January 31, 2004 were $478,857,000 compared to sales for the four weeks ended February 1, 2003 of $469,025,000. Sales increased 2% on both a total and comparable store basis.

Sales for the 13 weeks ended January 31, 2004 were $2,299,054,000
compared to sales for the 13 weeks ended February 1, 2003 of
$2,387,891,000. Sales decreased 4% for the 13-week period on both a
total and comparable store basis.

Sales for the 52 weeks ended January 31, 2004 were $7,598,934,000
compared to sales for the 52 weeks ended February 1, 2003 of
$7,910,996,000. Sales decreased 4% for the 52-week period on both a
total and comparable store basis.