University Mall Dillard’s faces future as clearance center
The Dillard’s department store at University Mall in Chapel Hill is being converted into a clearance center, a spokeswoman for the Arkansas-based company said Thursday.
Julie Johnson Bull said the store will receive clearance merchandise from other locations and will sell at deep discounts. Eighteen of the company’s 300 locations are clearance centers, she said.
Some have remained clearance centers for “a number of years,” while the company ended up closing others.
“We evaluate our locations and what the best fit for those locations is,” she said.
Bull said she could not comment on the store’s performance. Dillard’s is an anchor for University Mall in Chapel Hil,l along with the gourmet food store Southern Season and a location of the discount variety store Roses.
The store originally opened in 1973 as an Ivey’s department store, but became a Dillard’s with the purchase of the Charlotte-based J.B. Ivey & Co. store chain in the early 1990s.
For a 13-week period ending Aug. 3, Dillard’s, a publicly traded company, reported a profit of $36.5 million, up about 18 percent.