S&P Global downgraded Dillard's, to BB from BB+, citing the department store chain’s "weak operating results for the holiday season and full year 2019, with continued profitability decline from previous years," according to an emailed press release.
The retailer reported fourth quarter net sales fell more than 4% year over year to $1.9 billion as comparable sales fell 3%, according to a press release. For the full year, comps were down 1%.. . . more