To believe that things will get better here is like believing in a Tooth Fairy. The withdrawal of brands from Belk will be a downward spiral from which I am afraid we will not be able to get out of. If this company had a clear vision there would be space for optimism, but with the way things are, unfortunately, I'm not expecting anything good to happen. Are there any estimates of how many people are targeted for layoffs with the withdrawal of L’Oreal?
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Big vendors with name recognition have gained footing with DTC, just like Nike. Belk will not be only stores affected.
Loreal is HUGE!! I really think this is just the beginning of several other big vendors exiting Belk as well.