belk only has $25 million cash on hand and $361 million credit is peanuts for a corporation the size of Belk, according to Moody’s that leaves them vulnerable for bankruptcy.
20 replies (most recent on top)
Announcement??? Still waiting. I thought it was BS.
There isn't any news folks. Only update i saw was about pto and already that has been posted previously. You only can take accrued pto.
It looks like they are hiring for jobs on the BELK career page but the descriptions are either missing or jumbled so maybe not
All stores going back full hours and more furloughs coming back ?
Probably nothing happening. Someone just pulling our leg
Store level furloughs haven't recieved updates either.
What did they say about the announcement? How will it take place?
Corporate employees on furlough haven’t received any updates......
A few at corporate are moving on
Not calling back remaining furloughs ?
Anyone want to give a hint or guess at tomorrow's announcements?
Please let us go. Im to old for this stress.
Oh my! I'm edging on retiring . Been waiting on a sign to tell me to take the leap. This might be it
Now, that sounds ominous! Looks like something big is about to happen.
I would cash your paycheck, not deposit it.
Watch out for Friday announcements. Last one to leave turn off the lights
$25 million?
Holy mackerel! You realize how many loads I'd have to haul from Modesto to Yuma to get that..?!
They better treat their longtime employees first. Don't leave us hanging. Give us a package deal and hire those id–ts that want to work for dirt cheap and 12 hours a week. Please just let us go on with dignity.
Belk only having $25 million in cash is the equivalent of someone making $70,000 a year only having $500 in the bank. Scary!!
And that was April 3, before over a month of store closures.
Thats why corporate executives are silent, they don't want to address this. They know they will take a bonus then file bankruptcy.