May 29, 2019 Phillip Watts Co-Principal Financial Officer and Principal Accounting Officer DILLARD'S, INC. 1600 Cantrell Road Little Rock, Arkansas 72201 Re: DILLARD'S, INC. Form 10-K for the Fiscal Year Ended February 2, 2019 Filed March 29, 2019 File No. 001-06140 Dear Mr. Watts: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the Fiscal Year Ended February 2, 2019 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Key Performance Indicators, page 19 1. Please tell us if online sales are are included in the retail stores sales trend percentages, comparable retail store sales trend percentages and your definition of comparable store sales in the description of Net sales under the General heading on page 20. Also, please quantify for us the effect that online sales had on your net sales and gross profit for the years presented and tell us the trend in online sales during the past three years. Refer to Item 303(a)(3)(ii) of Regulation S-K. Financial Statements Note 1. Description of Business and Summary of Significant Accounting Policies Revenue Recognition, page F-11 2. We note your Retail Operations segment recognizes merchandise revenue at the point of Phillip Watts DILLARD'S, INC. May 29, 2019 Page 2 sale; however, we also note your disclosure in the first paragraph on page F-13 that there is some deferral of revenue related to internet sales. Please tell us your consideration of disclosing your revenue recognition policy related to internet sales. Also, please tell us and revise to clarify if revenue from private label cards is recognized over time or at a point in time. In addition, please clarify the methods used to measure progress, if applicable, and why the methods reflect a faithful depiction of the transfer of the goods and services. Reference ASC 606-10-50-18 and 19. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Tony Watson (Staff Accountant) at (202)-551-3318 or Bill Thompson (Accounting Branch Chief) at (202) 551-3344 with any questions. FirstName LastNamePhillip Watts Sincerely, Comapany NameDILLARD'S, INC. Division of Corporation Finance May 29, 2019 Page 2 Office of Consumer Products FirstName LastName