Thread regarding Belk layoffs

How much debt is on Belk’s books?

Anyone wanna take a guess?

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Post ID: @OP+1i6fdo3q

8 replies (most recent on top)

The average belk store is down 30% YTD compared to LY, this cant go on much longer, it’s financially impossible, is belk bleeding money or what? Sales were soft last year, this year is horrendous

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Post ID: @3unp+1i6fdo3q

Belk also is being sued by contractors who have no been paid for work (store remodel, repair etc...) some have been completely stiffed or some have been underpaid.

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Post ID: @3xsx+1i6fdo3q

Belk is still in serious trouble, the debt to income ratio is astronomical. Just remember that right before belk filed bankruptcy last year they only had $7 million in cash on hand, that was not even enough to make payroll, a sobering thought for every employee reading this.

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Post ID: @2zka+1i6fdo3q

All you have to do is walk into a belk the. Walk into a Macy’s, Dillard’s, or even J.C. Penney, you will be able to notice the difference in merchandise with walking too fair into the store.

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Post ID: @jff+1i6fdo3q

I believe now it’s over $2 billion. Stores are doing their hiring charade again, hiring then cutting hours for existing employees. Only problem is the new hires last at most a few weeks, some go on break and never come back. What. a. Mess.

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Post ID: @grm+1i6fdo3q

How much is the final ticket price on this pathetic Belk Titanic? Don’t be so cheap Don Hendricks, have a heart just give us tickets to associates for vacation before you do Belk
liquidation!

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Post ID: @nsr+1i6fdo3q

How much water in Belk Titanic before it is sinking? Remember the swimming pool on the real Titanic is still full and working!

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Post ID: @fqm+1i6fdo3q

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