Investor seeks talks with Dillard's
NEW YORK Barington Capital Group, which represents a group of investors with a 3.2%-stake in Dillard's Inc., today announced that it had sent a letter yesterday to William Dillard, II, the chairman and ceo of the company, requesting a meeting with Dillard and members of his management team to discuss measures that Barington believes will maximize shareholder value for the benefit of all of the company's stockholders.
In the letter, Barington claims its initiatives would improve Dillard's existing operating strategy in areas such as merchandising, inventory management and cost containment.