Murfreesboro shoppers will have one less major retailer in 2025 as Dillard’s department store has announced its future departure from the Stones River Mall.
Reported by Daily News Journal (DNJ), Dillards has stated it will permanently close its doors in Murfreesboro by the end of January, according to a letter sent from the retailer to Mayor Shane McFarland.
While officials did not state the reason of the closure, the following was shown in its corporate third quarter report:
- Total retail sales decreased 4%
- Comparable store sales decreased 4%
- Net income of $124.6 million compared to $155.3 million
- Earnings per share of $7.73 compared to $9.49
- Retail gross margin of 44.5% of sales compared to 45.3% of sales
- Operating expenses were $418.9 million (29.4% of sales) compared to $421.8 million (28.6% of sales)
- Ending inventory increased 3%
DNJ reported all 75 employees at the Murfreesboro location will be terminated between January 17 and 31 and will be offered positions at other Nashville-area stores, according to the company’s letter.
Dillard’s in Murfreesboro served as a cornerstone tenant at the Stones River Mall for nearly three decades, contributing to the mall’s overall foot traffic and appeal.
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