Socio Cultural Trends Currently many department stores are battling over to win the millennials because of their population size. Similarly Dillard’s still has not tapped into such large market. Dillard’s tailor to middle and upper middle income women. The company sells private and exclusive brand apparels and home furnishings. Women’s department in Dillard’s account for 35% of the sales, which includes accessories and apparel. Pension plans Once its employees retire, depending on the service they provided to the company, Dillard’s credit back to the employees of their accrued benefits. These payments are made in monthly payments bases. The company allows its workers to participate in the company’s success by owning stock. https://www.qdrodesk.com/plans/DILLARDS-INC-INVESTMENT-EMPLOYEE-STOCK-OWNERSHIP-27362.shtml …show more content…
Dillard’s successfully exceed its customer satisfaction and expectation when it comes to complex transactions. Dillard’s like other retailers faces the challenge of processing complex information such as promotion, price, and loyalty discounts. In order to tackle this, Dillard’s teamed up IBM DB2 database for its online and in stores sales. This system automatically detects problems, and alerts the IT department right away to take necessary actions to correct the situation before any type of outage occurs. This program helped the company to reduce its MIPS consumption, which is a measurement of processing power of CPU consumption. In simpler words this technology helped Dillard’s to better monitor its transactional technology by reducing the CPU usage. This led to reduced …show more content…
The economic downturns play a key role in the businesses future. For instance, during the 2008 crises many of the department stores headed downward. In order to properly recover from the crises, Dillard’s put up a cleanup effort to recover properly. The Dillard’s INC began to close underperforming stores in order improve its expenses, and improve its merchandise. This is was a strategic move, which helped Dillard’s to survive and strive further.