Dillard’s Closing Travel Agency

Little Rock, Ark. Dillard's Inc. said Friday that it is closing its underperforming Dillard's Travel agency.

The company said it is closing the agency, which operates in 43 of the company's 318 stores, as part of an ongoing review and closure of underperforming business units.

The travel agency employs about 160 people.

Dillard's said it will service customers who have already booked travel through the agencies but it will no longer book new travel arrangements.

In other news, Dillard’s said Friday it will close its store at the Palm Beach Mall, Palm Beach, Fla. It is one of 14 locations nationwide that the chain plans to close.

Additionally, on Friday, Dillard’s said it completed its acquisition of the remaining 50% interest in CDI Contractors LLC it did not already own.

CDI, a development firm that was started to build Dillard's stores, had sales last year of $432.9 million.