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Dillard's, Inc.

DDS

Consumer Discretionary

1

exclusion reason

1 theme

Animal Welfare (1)
DDS Consumer Discretionary Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Animal Exploitation
Since Oct 14, 2021

Dillard’s, Inc. operates as a department store retailer that sells apparel, accessories, and home goods. The company’s product assortment includes items derived from animal exploitation, such as leather goods, fur-trimmed accessories, and down-filled bedding. These product categories are integral to its merchandise mix and contribute materially to its revenue.

Cruelty Free Investors flags Dillard’s under its animal exploitation policy. The company’s supply chains for animal-derived materials are not transparent, and it has not published a formal animal welfare policy or committed to third-party verification for materials like leather, down, or wool. This lack of oversight and public commitment places Dillard’s among retailers that profit from commercial animal use without demonstrating meaningful safeguards against cruelty in its supply chains.

Research Sources 1 organization
Cruelty Free Investors
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.