By  on May 20, 2008

LITTLE ROCK, Ark. — Dillard's Inc. chief executive officer William Dillard 2nd said Saturday that in hindsight, the department store chain entered too many markets it shouldn't have and revealed plans to trim the store base and cut capital expenditure by more than 45 percent.

Speaking at the company's annual shareholders' meeting here, Dillard didn't specify which markets the company should have avoided.

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