Department store chain Belk files for Chapter 11 bankruptcy, private equity firm Sycamore to take control PUBLISHED TUE, JAN 26 20213:08 PM EST There is a long press release on the web. Said several days ago, the only winner in this is... — read more
Why no mention of layoffs?
We all know they are going to happen, why not be honest for once? That is how other companies handle it!
facebook posts deleted
A customer put a comment on Belk's facebook page about the bankruptcy and not paying vendors and within less than one minute it was deleted. LOL
When is the last time someone saw Lisa Harper or Don Hendricks in a store?
2017? 2018? The last time South Park Belk saw Lisa was early December 2019
what I think
As a manager I take it personally that Belk corporate has not released one single memo about this, we are also instructed not to discuss this with associates which makes me think that they assume associates are not intelligent or worthy of vital... — read more
Belk 1888-2021
RIP
Bankruptcy news firmed up
Belk Department Store Chain Said to Plan Bankruptcy to Tame Debt January 25, 2021, 3:33 PM EST Lenders would assume equity stake after trip through court Company has delayed or halted payments to some vendors Sycamore’s Belk Inc. is nearing... — read more
Stop with the fluff and be transparent
There is no transparency at Belk. The company gives a bad name to private companies. I will think twice about working for a private company again. It is shocking they havent addressed the articles last week with employees.
we lost two STM’s w/o notice
They are no shows. manager says to tell associates they left for “medical reasons” LOL
Store closures
Bankruptcy or no bankruptcy. Belk has to close stores, starting with mall locations. Belk has nearly 300 stores mostly in the southeast Compare that to around 500 which Macy’s has nation wide. (This number continues to decrease yearly) Thoughts? — read more
Manager Cuts
Anyone else hearing Omni managers will be cut.
Managers still lying to employees
“Don’t believe what you read” we are told about these news articles. I don’t have words....
Getting on the Target bus
We are going to Target. Myself, and two STM’s are all going to Target. We will start on Feb 1. kinda nervous. We are all using PTO until then
Belk bankruptcy? Maybe, maybe not?
Belk’s top lenders, including KKR, looking to avoid taking department store through bankruptcy, WSJ says KKR, Blackstone and other major lenders to Belk are in talks with the North Carolina-based department store chain to keep it out of... — read more
More insanity...cruise ships?
Royal Caribbean Group reached a definitive agreement to sell its three-ship Azamara brand to Sycamore Partners, a private equity firm, in a $210 MILLION ALL CASH DEAL. The 690-passenger Azamara Journey, Azamara Quest and Azamara Pursuit each... — read more
I don't get some of you people
I understand that many hate their jobs at Belk, I really do. I'm not a big fan of mine either. But it still pays my bills. While I hope the situation will change and while I constantly criticize the management and the policies and so many other... — read more
What will you miss from Belk?
I can’t lie, there have been a lot of good days at Belk, or maybe I prefer to remember good things. Unfortunately, in the end, everything is overshadowed by bad management, especially through this crisis. The dismissal did not surprise me, it was... — read more
Belk's Tragic Last Days
One a staple of southern charm, culture, and family values has turned into a complete disaster. Stores are a mess, employees are quitting left and right, store managers are here one day, gone the next, loyal "elite" customers are long gone, replaced... — read more
Trying to negotiate down debt, weasel out.
Belk Inc., the department store chain owned by Sycamore Partners, is talking with creditors about easing its almost $2.4 billion debt load and has tapped law firm Kirkland & Ellis and investment bank Lazard Ltd. for advice. Belk and its advisers... — read more
Too many Good store managers leaving Belk???
Do these store managers know something we don’t??? I’m shocked after hearing so many good ones have left??? Some who had great careers here....left out of the blue.....should we take a hint....
Charlotte Observer
What does the article in today's Charlotte Observer say about Belk
Review/Raise?
Anyone heard if we are receiving either of these this year? I know we got screwed out of one last year is this going to be the new norm?
Mini Rant.
Serious question. Which dumb as or dumb ases are in charge of determining the weekly sale, daily deals, and weekly spotlight up in corporate?! I work at the flagship store in Charlotte and we hardly see any corporate employees shopping in store... — read more
Money on the table, or please leave.
Office supplies retailer Staples on Monday said it made an offer to buy Office Depot owner ODP Corp for $2.1 billion in cash, nearly five years after its second takeover effort was rejected. But you guyz here keep saying Syc n Belk & co are... — read more
Over worked managers??
Hi everyone! I work at a medium size store, and have been with the company for a few months. I moved from NY to the south and this was the only job that I could find that paid “decently;” $42k a year. While I know that is A LOT, compared to many... — read more
RVP’S are a waste of money
belk can do away with $180,000 a year RVP’S, they are a waste of money.
Store closings and/or layoffs 2021?
Any rumblings about layoffs or store closings in 2021 yet?
Typically how many hours are ft employees on stores getting?
I'm just curious. Has anyone had to file unemployment to make up for the reduced hiurs?
New year nothings changed
Still have the virus and business hasn’t improved. The only thing that’s changed is the calendar. Good luck to all of us. Buckle up folks
Belk Remains On Default Watch List
Belk remains a company of concern as many other troubled companies' names are cleared from the default watch list. Full story here: https://www.google.com/amp/s/www.adweek.com/commerce/2020-was-a-watershed-year-for-retail-bankruptcies/amp/
Rancho Pescadero
Lisa Harper owns this hotel. when will it reopen? nothing says "one belk" more than a luxury resort in Mexico.
No post Xmas whining?
What’s wrong Belkers? Why so quiet on post holiday sales? One Belk must be working!
Horrible Belk Managers
Managers no where to be found. our managers (three on duty) mysteriously disappeared today (Christmas Eve), we were calling and calling and nobody was answering for over an hour. I work in Cosmetics and myself and two other associates searched the... — read more
Target is hiring
A friend works there and I know they have it much, much better than we do in every aspect. She could put in a good word for me so the chances are I'd get a job. But still I'm hesitating. I'm scared of changing my job, being the last person in and if... — read more
Merry Christmas everyone
Twas the day before Christmas and all through the store, things are disorganized, filthy and more Employees are scared and some of them sad, the way we are treated made most of us mad But let the execs sleep soundly in bed, while visions of dollar... — read more
RVP’S on chopping block next year
I’ve heard from a very good source that RVP’S will be on the chopping block in 2021. So will some store managers. Have a feeling they will let people go without mercy.
Happy FESTIVUS!
Happy FESTIVUS, this is your special day to complain.
What can we look forward to after Christmas?
I haven’t had anything to be cheery about this season. I dread coming into work as it is, but I know that for the next few days after Christmas we’re going to have a ridiculous amount of returns. And take into account that we’re short staffed as it... — read more
30 hours for full time means the company is hurting financially
If a company can only pay employees at most fifteen bucks an hour and can’t even give them 40 hrs as full time they must be in severe financial trouble.
Not enough hours to live off
My hours have been less than 28 a week for months now and I was eventually forced to get a 2nd job. I don’t know how the company can expect us to prioritize them first when the hours we are being provided aren’t enough to be sustainable. Now I have a... — read more