does anyone else know this? what will happen to the other 275 stores?
can someone provide a list of the top 25?
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https://www.youtube.com/watch?v=V43sljmKfMg belk flag ship
Sears, Stein Mary, Lord & Taylor, K Mary, Toys R US, Circuit City, HH Gregg, and Winn Dixie all used the top 25 strategy.......and where are they now?
"Now, some of you have been predicting the demise of Belk for two years now. And yet she still struggles on like a broken, drunk, dirty lady of the night staggering down the back alleys of the South."
I will predict the demise of Lisa Harper, Don Hendricks, Nir Patel, Jacob Hawkins, and Leslie Riggs, all will be sharing a prison cell together. Hendricks will be the one who drops the soap in the shower and he will be squealing like Ned Beatty in "Deliverance"
@1hze, it makes sense to focus on top performers, but 25? Is it enough profit to take care of business expenses? 300 stores or 25- there still need for warehouse, logistics, accounting department to do payroll, buyers, something else. Top management expect their millions in bonuses. How 25 stores can pull it all?
The 25 focus stores is not a new strategy it has been around for many years. The stores are not necessarily top performers. The regional managers have input on this market strategy. Don't worry, it is a good thing.
i like your southern charm but i do hope belk turns profitable again the south needs a fashion store once again
Some of THE most profitable stores are small B & C locations.
Some of the least profitable, money losers in fact, are the big A store and flagships.
No way, no how, a fragment of the chain stays open. That strategy has, as many have pointed out, not worked for any other retailer. Not now, not in the past either.
Now, some of you have been predicting the demise of Belk for two years now. And yet she still struggles on like a broken, drunk, dirty lady of the night staggering down the back alleys of the South.
it doesnt matter when they do decide to liqudate the company the whole thing will go down at once they will not mantain a small fleet of stores just look at what happen to lord and taylor