Thread regarding Belk layoffs

belk is kicking the can down the road with golden stores

All they are doing is trying to impress associates and store managers with these ‘golden store’ shenanigans.

I keep hearing them say everyday they put $500,000 into my golden store. almost like they are trying to impress us by saying that.

All they extra money wasted… and the front line workers get nothing out of it. Not only are they still getting hours and hiring cut…PART TIME has lost paid time off… it’s gone completely!

why is belk doing that this?

One seasoned manager said that either are fixing on selling the stores or they want to create the illusion that belk is doing well when they are still over 2 billion dollars in debt. Either way, it’s a sneaky and unsettling
Business tactic.

by Sycamore partners is sneaky and dirty
| 591 views | | 3 replies (last March 11, 2024) | Reply
Post ID: @OP+1rrEnQ83
Comment! It's anonymous!

3 replies (most recent on top)

These kind of tactics have been going on for a long time, It's just getting harder for them to hide it. They will pull every dollar they can out of belk before they file for bankruptcy.Lets face who would want to buy a company 2 billion in debt.

by Anonymous
| | Reply
Post ID: @3dcd+1rrEnQ83

For the past 2 weeks our “Golden Store” has had a receiving area (dock) packed with new spring/Easter arrivals that aren’t coming out to the sales floors. This is because receiving and merchandising teams are too busy pulling/packing/transferring markdowns to the clearance stores. It’s always like this when there’s a BIG transfer (20k+ units). Transfers take precedence to new arrivals for at least 2-3 weeks. By the time the newness finally hits the sales floor, it’s almost time to mark it down and the transfers start all over. Of course the cause of this is trying to run (in the ground) a large store on a shoestring budget/skeletal staff. “Golden Store” my *ss!

by Anonymous
| | Reply
Post ID: @1qmu+1rrEnQ83

I work at a "golden" store. It is complete chaos. One person on the support staff has to do the job of 4 people. We spend more time on markdowns and transfers than we do merchandising. Its a joke. In a store this large in size and volume we should have seperate teams for markdowns/transfers and merchandising. Someone is saving money. You never know what job you are doing until you come into work. Its a shame.

by Anonymous
| | Reply
Post ID: @1trp+1rrEnQ83

Post a reply

: