Thread regarding Belk layoffs

Belk Is Bleeding Money At An Alarming Rate

Their online business has been cut to the bone. They ship from various shipping locations and incur the multiple shipping charges for each item. The items are normally from 65 - 80 percent off already, so any profit margin is gone.

This is a sign that they are about to end. Management are now glorified fulfillment employees. They also implemented a salary reduction for managers. Morale is at an all time low. It's time to jump ship.

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| 1211 views | | 4 replies (last September 25, 2020) | Reply
Post ID: @OP+174CINZw

4 replies (most recent on top)

i've been taking full advantage. They are giving stuff away and losing money.

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Post ID: @3vtm+174CINZw

I think about this a lot.
At least half of the orders are clearance items, costing ~$6. Factor in the shipping costs, and the man hour costs spent finding and packing said cheap item, and there’s no way they’re making any money. They’re basically liquidating.

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Post ID: @gmo+174CINZw

Don't pick it, it'll never heal!

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Post ID: @twg+174CINZw

Managers are nothing but pickers and shippers

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Post ID: @aaw+174CINZw

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