Clik here to view.
Belk Q1 Profit Falls 30% Due to Costs, Sales Rise
Charlotte, NC—Belk Inc. reported Monday that its first quarter fell 30% due to lower margins caused from increased promotions as well as expenses due to strategic investments. For the quarter ended...
View ArticleClik here to view.
Belk Q2 Profit Rises as Comp Sales Post Another Gain
Charlotte, NC—Boasting its 14th consecutive quarter of comparable store sales increases, Belk Inc. reported Wednesday that its second quarter income rose 11.3%. For the quarter ended August 3, the...
View ArticleClik here to view.
Belk Q3 Profit Narrows, Sales Up
Charlotte, NC—Belk Inc. reported last week that its third quarter net income narrowed due to expenses associated with the department store’s strategic initiatives. For the quarter ended Nov. 2, Belk...
View ArticleClik here to view.
Belk 2013 Sales Up, But Costs Hit Profits
Charlotte, NC—Citing increased costs especially for its online strategy, Belk Inc. said Wednesday that its 2013 profit was down 15.9% even though sales were up. For the 12 months ending Feb. 1, the...
View ArticleClik here to view.
Week in Review: 10 Things to Know
New York—Sometimes it seems like retail just isn’t going to shake the chill of the polar vortex. As retail earnings season is in full swing, the bitter winter continues its impact on earnings—and...
View ArticleClik here to view.
Belk Q1 Profit Down 32%, Sales Flat
Charlotte, NC—Belk Inc. reported Wednesday that its Q1 profit plummeted 32% due to flat sales and increased expenses. For the quarter ended May 3, the department store company posted net income of...
View ArticleClik here to view.
Changing Places: New Chiefs Named at Bon-Ton, Belk
York, PA and Charlotte, NC—It’s a case of retail trading places. Kathryn Bufano, president and merchandising officer at Belk was named Thursday to be the new president/ceo at The Bon-Ton Stores Inc....
View ArticleClik here to view.
Belk Q3 Profit Falls on Increased Expenses
Charlotte, NC—Belk Inc. reported today that it swung into a third quarter loss due toexpenses from its new strategic initiatives. Net loss was $8.2 million compared to net income of $3.6 million for...
View ArticleClik here to view.
Belk Q4 Profit Rises on Strong Holiday Sales
Charlotte, NC—Belk Inc. posted an 8.4% rise in its fourth quarter profit aided by a big increase in its holiday sales. For the three months ended Jan. 31, Belk reported net income of $104.4 million,...
View ArticleStockholders Agree to Merger Agreement Between Belk, Sycamore Partners
Charlotte, NC–Belk, Inc., announced today that its stockholders voted to approve the adoption of the previously announced merger agreement with affiliates of Sycamore Partners. “We are pleased that our...
View ArticleBelk Q1 Profit Falls 30% Due to Costs, Sales Rise
Charlotte, NC—Belk Inc. reported Monday that its first quarter fell 30% due to lower margins caused from increased promotions as well as expenses due to strategic investments. For the quarter ended May...
View ArticleBelk Q2 Profit Rises as Comp Sales Post Another Gain
Charlotte, NC—Boasting its 14th consecutive quarter of comparable store sales increases, Belk Inc. reported Wednesday that its second quarter income rose 11.3%. For the quarter ended August 3, the...
View ArticleBelk Q3 Profit Narrows, Sales Up
Charlotte, NC—Belk Inc. reported last week that its third quarter net income narrowed due to expenses associated with the department store’s strategic initiatives. For the quarter ended Nov. 2, Belk...
View ArticleBelk 2013 Sales Up, But Costs Hit Profits
Charlotte, NC—Citing increased costs especially for its online strategy, Belk Inc. said Wednesday that its 2013 profit was down 15.9% even though sales were up. For the 12 months ending Feb. 1, the...
View ArticleWeek in Review: 10 Things to Know
New York—Sometimes it seems like retail just isn’t going to shake the chill of the polar vortex. As retail earnings season is in full swing, the bitter winter continues its impact on earnings—and...
View ArticleBelk Q1 Profit Down 32%, Sales Flat
Charlotte, NC—Belk Inc. reported Wednesday that its Q1 profit plummeted 32% due to flat sales and increased expenses. For the quarter ended May 3, the department store company posted net income of...
View ArticleChanging Places: New Chiefs Named at Bon-Ton, Belk
York, PA and Charlotte, NC—It’s a case of retail trading places. Kathryn Bufano, president and merchandising officer at Belk was named Thursday to be the new president/ceo at The Bon-Ton Stores Inc....
View ArticleBelk Q3 Profit Falls on Increased Expenses
Charlotte, NC—Belk Inc. reported today that it swung into a third quarter loss due toexpenses from its new strategic initiatives. Net loss was $8.2 million compared to net income of $3.6 million for...
View ArticleBelk Q4 Profit Rises on Strong Holiday Sales
Charlotte, NC—Belk Inc. posted an 8.4% rise in its fourth quarter profit aided by a big increase in its holiday sales. For the three months ended Jan. 31, Belk reported net income of $104.4 million,...
View ArticleStockholders Agree to Merger Agreement Between Belk, Sycamore Partners
Charlotte, NC–Belk, Inc., announced today that its stockholders voted to approve the adoption of the previously announced merger agreement with affiliates of Sycamore Partners. “We are pleased that our...
View Article
