To me it doesn't seem to be as bad as some people are suggesting. What am I missing?
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But, they ar and hiring holiday help and ft employees are getting less. Would like to know how much they're paying holiday help.
Belk is in liquidation but doesn’t want to say it. The employees and management need to come Together and force Lisa Harper and Don Hendricks to resign
This is exactly what happened when I worked for Sears. Vendors stopped getting paid in approximately late 2014-ish, and stores got threadbare. By late 2015-ish most Sears stores had closed. I remember thinking why are they setting up promo displays (with special fixtures) when the store is essentially in liquidation? As a visual manager it’s very obvious when standards fall below other retailers that something bad is going to happen.
You lose money with every sale when you sell at 65% off or lower. They are liquidating to pay bills. Vendors are complaining to the press they aren't being paid and don't hear from Belk.
Belk has a mega million dollar loan due in December, yet they struggle to pay employees $12 an hour. What does this say?
*meant, rear view mirror
The loan to our parent ownership, Sycamore, who learned retail from the front side of a rear side mirror?
Belk in 2020 is what Sears was in 2009. you do the math.
I asked the same many weeks ago and did not receive a definitive reply.
Surely someone has access to an FBR report to provide some clarity.
Thank you for asking!
Yes, they are bad. They have a massive loan due in December that doesn’t help their outlook either.
I'm not trying to be a contrarian, this is an honest question.