1938 - Retail, Trade

Retail, Trade

Dillard's Department Stores have their beginning at Nashville, Ark., where merchant William T. Dillard, 24, opens an establishment that will grow to rival J. C. Penney and other retail chains. Armed with an M.B.A. from Columbia University, Dillard has borrowed $8,000 from his father to start the store; he will sell it in 1948, use the proceeds to open stores in Texas, and go on to have outlets all over the South.