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When Dillards leaves McFarland Mall, will it be relocating to another regional shopping center in the metro?
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They haven't announced any plans to do so, and there really aren't any existing places they could move.
I guess it's possible that they could decide to build a store in some as-yet-announced retail center in the future, but it seemed like Dillard's was looking for a way out of this market as soon as they got in (when Dillard's absorbed the Gayfers chain). Gayfers was very popular here, but people never seemed to take to Dillard's (which never appeared to be "clean, new, and nice" like Dillard's stores I've been to in other cities).
This leaves McFarland Mall's anchors as discount stores Goody's and TJMaxx.