By  on August 3, 2007

Shares of Dillard’s Inc. lost more than 9 percent of their value Friday, hitting their second 52-week low in a week, after Barington Capital Group ratcheted up the pressure on the retailer to take steps to maximize shareholder value.

Barington, which owns 3.7 percent of Dillard’s common stock, had earlier requested a meeting with William Dillard II, chairman and chief executive officer of the Little Rock, Ark.-based department store group. Last month, Barington said, it was informed by letter that the company’s investor relations director “would be happy to speak with you regarding our corporate strategy and answer your questions.”

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