what is the exchange policy from a xmas gift or is it too late

Hi, For all eligible returns, The merchandise must be returned within thirty (30) calendar days from the date of purchase, except as otherwise stated on the face of the packing slip or on the item's product page. The merchandise must be in its original, unused condition unless there is a manufacturer's defect; and the merchandise must be accompanied by either the original Dillard's Receipt or the original Dillard's Proof of Purchase Label. (Proof of Purchase information is included on the packing slip for all Dillard's Direct orders.) If the merchandise is footwear, it must be accompanied by its original box. All merchandise tags should remain attached.

I don't know, best to call.

If you're lucky you may get store credit or even exchange

30 days normally