Topics regarding layoffs at Belk

Topics regarding layoffs at Belk

Specialists

Do any of us think vendor Specialists are a past conclusion? Will it be One Belk forever, even in top tier stores?

Belk Likely to Default by the End of the Year

Belk likely to default by the end of the year according to Fitch. https://www.google.com/amp/s/www.forbes.com/sites/mayrarodriguezvalladares/2020/06/20/corporate-defaults-this-year-are-likely-to-surpass-the-mountain-of-great-recession-defaults/amp/ — read more 

How much?

How much does the average STM make? how much do store managers make?

Employee from Belk, 67 yrs old

Belk is strategically trying to push older, long term, business savvy, and intelligent/astute associates out the door, it’s happening in every store. This is a sign of financial distress. Run for the hills, I got out right after Christmas 2019.

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Post ID: @OP+15yVqIAU

Customers think Belk is closing

This was what happened at Sears, K Mart, Toys R Us, they customers started saying it looked like the stores were going out of business, and then they did.

1 manager at a time?

My store has switched to 1 manager a day .....what's up with that. All the employees think were closing but of course were not going to be told till the last second!

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Post ID: @OP+15xdtoLu

hello, can you hear me??? Lisa????

Lisa, Where are the yearly reviews supposedly completed when stores were closed for covid? why no raises for meeting or exceeding sales goals last year? Any comments? Hello..... you there??? Hello?? Crickets........

Hello Lisa!

Dear Lisa, Hope all is well with you, while Belk is a mess, I hope you are enjoying working from your palatial lakefront mansion. we are just slaving at the stores with no raise for $11 hr, well if you read this please comment to let us know... — read more 

The Problems at Belk

The problems are multiple: The pay is horrible! Most associates make less than $10/hr and get less than 30 hrs a week. We were told all evaluations were completed while the stores were closed (but we’re not allowed to see them, which is... — read more 

Lawsuit?

Has anyone heard about a lawsuit some ex managers and associates were trying to put together? Possibly age discrimination?

Truth

Yes it's true. People are scared frustrated and want to be told what's going on.

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Post ID: @OP+15vF0W6h

Manager

Its the worst run Co. Ive ever worked for. The managers play favorites and gossip, when the DTL visits shes degrading and disrepectful.... HR mrg. Is the worst manager I have ever worked with, so many people have quit because of Her... Their sales... — read more 

Speak the truth

Normally on webpages like this people gossip and tell lies and half truths, but everything I’ve read so far on here is 100% true

Retail up

They never include Belk in the list of stores that are in jeopardy. They must keep the a tight lip at corporate.

Please start looking at new job opportunities!

hi guys, I’m a manager, things at Belk we’re bad before Covid-19, and now it is hanging on by a thread. If anyone tells you Belk is doing well, they are flat out lying to you. Most Belk stores are down, some down exponentially, and some are “up”... — read more 

How is your store doing right now?

This 17 percent increase in retail is definitely not reflected in our store. We have half as many customers as we usually do, and that's on a good day! I thought this was a coronavirus-related thing but now I'm starting to wonder if this could be an... — read more 

Retail up

Retail didn't suffer as much as was expected. Up 17% in may.

Belk has stopped all new hiring

Seems like a hiring freeze, while Harper, Hendricks, Hawkins, Riggs & Patel are at home and radio silent. have any of them been inside a store since March? I doubt it. Complete madness!!

store managers jumping ship?

Any store managers, STM’s, jumping ship Out there? Are you giving a two week notice or just getting out Before it topples? Just wondering.

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Post ID: @OP+15sHVJhi

Belk’s brainwashed managers

When asked about all these rumors, complaints, concerns, manager states “that’s the first I’ve heard of this”, I had to laugh...

This Place S---s

This place s—s. Even though our store is very busy it is falling apart at the seams. Employees are overworked, stressed, and pulled in every direction due to One Belk. Tasks can only be halfway completed or not at all. You can see the... — read more 

Belk isn’t Belk, remember that!

I can’t believe anyone would tolerate working for a company if it’s this bad, however I realize most people are either stuck, or for some other reason can’t get something better. Even Macy’s and JC Penney are not this bad, and they are also in poor... — read more 

Everything 70% off

Almost everything is 70% off, they are just cleaning house because no new merchandise is comming in. this is like the bargain basement.

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Post ID: @OP+15pDZIRX

Lack of merchandise

Our location has no new product, empty racks. Even the customers say we are going out of business. the writing is on the wall and crystal clear.

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Post ID: @OP+15ol14F4

Belk cheerleader managers are nuts!

Some of these brainwashed dumb a– managers remind me the men who played the violin in titanic as the ship sank. Belk is sinking at a rapid pace and they are still telling us the company is doing great and exceeding all sales goals!!

THE “ONE BELK” SHAM

Now all associates are assessed on the total store. this is a way for Belk to cut pay, because, Guess what? Your store will NEVER make it’s goals. belk corporate and sycamore will make sure of that! then belk will offer no raise, or worse they will... — read more 

Management is as bad as it gets

my daughter works at Belk and left when she was told she can’t use the restroom, she would have to wait, while the manager was sitting on her big butt eating cake.

Read this from Barrons magazine

"The buyout shop is known for its aggressive investing style. Sycamore acquired Staples in 2017 for $6.9 billion. Roughly two years later, in 2019, Staples sold debt to refinance existing borrowings, but also to pay a $1 billion dividend to Sycamore... — read more 

Do they care?

You'd think that someone from Corporate would respond to all this negativity if it wasn't true. Or at least try to reassure the employees if they cared about them.

profit margins shrinking at a rapid pace

Belk’s profit margins are becoming smaller and smaller, I don’t think they make much profit at all, even scattershot online sales don’t drive enough profit, and most of the merchandise is clearance or doorbuster.

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Post ID: @OP+15nGM9db

Crooked and falling apart

I think those sycamore owners and the top brass at corporate are actually evil people, they have no interest in this company, they just want the multi million dollar lump sum they get when they company files chapter 11.

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Post ID: @OP+15nQPlzv

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