What are the chances this will actually help and we won't be in the same mess one year from now? For the life of me I can't see how this bankruptcy will address any of the real problems we have that put us in this position in the first place - the... — read more
Bankruptcy Update
Belk Targets 24-Hour Bankruptcy With Lenders on Board Eliza Ronalds-Hannon Wed, January 27, 2021, 5:55 PM·2 min read (Bloomberg) – Belk Inc., the department store chain owned by Sycamore Partners, will seek to complete an upcoming reorganization... — read more
Can this be trusted?
Belk to file bankruptcy. Department stores to stay open, with no layoffs or closures. *There are not expected to be any layoffs or store closures in the bankruptcy, according to Belk spokeswoman Jenny... — read more
How will bankruptcy affect us?
I was scared of being laid off before but now I'm petrified. I don't know much about bankruptcies, but I've heard that we can kiss any kind of severance goodbye if we are laid off because the company has no obligations towards us anymore. Is that... — read more
Facebook or other associate site?
Is there a Facebook or other site for associates to gather, comment, bleat and meet? A more open, back and forth comment board. If not, we bed one. If so what's it called and where located?
Sycko buys another rusty ship
Sycamore Partners Announces Plans to Add Fourth Ship to Azamara® Fleet Prior to launch, the fourth ship will undergo an extensive refurbishment to match its sister ships All of these ships are aged, small, and inefficient. In a world of Covid... — read more
Belk family
Do I feel sorry for the Belk family for the current situation of their name sake company? No. They have blood on their hands for selling out to the devil.
Why The Belk Bankruptcy Plan Is Not A Done Deal (Via Forbes)
Belk has filed for chapter 11 bankruptcy. So, now what? The troubled department store’s filing on Tuesday afternoon was not exactly a shock as rumors had been circulating of its possibility for some time, rising in volume and tone the past... — read more
BANKRUPT. OFFICIAL.
Department store chain Belk files for Chapter 11 bankruptcy, private equity firm Sycamore to take control PUBLISHED TUE, JAN 26 20213:08 PM EST There is a long press release on the web. Said several days ago, the only winner in this is... — read more
Why no mention of layoffs?
We all know they are going to happen, why not be honest for once? That is how other companies handle it!
facebook posts deleted
A customer put a comment on Belk's facebook page about the bankruptcy and not paying vendors and within less than one minute it was deleted. LOL
When is the last time someone saw Lisa Harper or Don Hendricks in a store?
2017? 2018? The last time South Park Belk saw Lisa was early December 2019
what I think
As a manager I take it personally that Belk corporate has not released one single memo about this, we are also instructed not to discuss this with associates which makes me think that they assume associates are not intelligent or worthy of vital... — read more
Belk 1888-2021
RIP
Bankruptcy news firmed up
Belk Department Store Chain Said to Plan Bankruptcy to Tame Debt January 25, 2021, 3:33 PM EST Lenders would assume equity stake after trip through court Company has delayed or halted payments to some vendors Sycamore’s Belk Inc. is nearing... — read more
Stop with the fluff and be transparent
There is no transparency at Belk. The company gives a bad name to private companies. I will think twice about working for a private company again. It is shocking they havent addressed the articles last week with employees.
we lost two STM’s w/o notice
They are no shows. manager says to tell associates they left for “medical reasons” LOL
Store closures
Bankruptcy or no bankruptcy. Belk has to close stores, starting with mall locations. Belk has nearly 300 stores mostly in the southeast Compare that to around 500 which Macy’s has nation wide. (This number continues to decrease yearly) Thoughts? — read more
Manager Cuts
Anyone else hearing Omni managers will be cut.
Managers still lying to employees
“Don’t believe what you read” we are told about these news articles. I don’t have words....
Getting on the Target bus
We are going to Target. Myself, and two STM’s are all going to Target. We will start on Feb 1. kinda nervous. We are all using PTO until then
Belk bankruptcy? Maybe, maybe not?
Belk’s top lenders, including KKR, looking to avoid taking department store through bankruptcy, WSJ says KKR, Blackstone and other major lenders to Belk are in talks with the North Carolina-based department store chain to keep it out of... — read more
More insanity...cruise ships?
Royal Caribbean Group reached a definitive agreement to sell its three-ship Azamara brand to Sycamore Partners, a private equity firm, in a $210 MILLION ALL CASH DEAL. The 690-passenger Azamara Journey, Azamara Quest and Azamara Pursuit each... — read more
I don't get some of you people
I understand that many hate their jobs at Belk, I really do. I'm not a big fan of mine either. But it still pays my bills. While I hope the situation will change and while I constantly criticize the management and the policies and so many other... — read more
What will you miss from Belk?
I can’t lie, there have been a lot of good days at Belk, or maybe I prefer to remember good things. Unfortunately, in the end, everything is overshadowed by bad management, especially through this crisis. The dismissal did not surprise me, it was... — read more
Belk's Tragic Last Days
One a staple of southern charm, culture, and family values has turned into a complete disaster. Stores are a mess, employees are quitting left and right, store managers are here one day, gone the next, loyal "elite" customers are long gone, replaced... — read more
Trying to negotiate down debt, weasel out.
Belk Inc., the department store chain owned by Sycamore Partners, is talking with creditors about easing its almost $2.4 billion debt load and has tapped law firm Kirkland & Ellis and investment bank Lazard Ltd. for advice. Belk and its advisers... — read more
Too many Good store managers leaving Belk???
Do these store managers know something we don’t??? I’m shocked after hearing so many good ones have left??? Some who had great careers here....left out of the blue.....should we take a hint....
Charlotte Observer
What does the article in today's Charlotte Observer say about Belk
Review/Raise?
Anyone heard if we are receiving either of these this year? I know we got screwed out of one last year is this going to be the new norm?
Mini Rant.
Serious question. Which dumb as or dumb ases are in charge of determining the weekly sale, daily deals, and weekly spotlight up in corporate?! I work at the flagship store in Charlotte and we hardly see any corporate employees shopping in store... — read more
Money on the table, or please leave.
Office supplies retailer Staples on Monday said it made an offer to buy Office Depot owner ODP Corp for $2.1 billion in cash, nearly five years after its second takeover effort was rejected. But you guyz here keep saying Syc n Belk & co are... — read more
Over worked managers??
Hi everyone! I work at a medium size store, and have been with the company for a few months. I moved from NY to the south and this was the only job that I could find that paid “decently;” $42k a year. While I know that is A LOT, compared to many... — read more
RVP’S are a waste of money
belk can do away with $180,000 a year RVP’S, they are a waste of money.
Store closings and/or layoffs 2021?
Any rumblings about layoffs or store closings in 2021 yet?
Typically how many hours are ft employees on stores getting?
I'm just curious. Has anyone had to file unemployment to make up for the reduced hiurs?
New year nothings changed
Still have the virus and business hasn’t improved. The only thing that’s changed is the calendar. Good luck to all of us. Buckle up folks
Belk Remains On Default Watch List
Belk remains a company of concern as many other troubled companies' names are cleared from the default watch list. Full story here: https://www.google.com/amp/s/www.adweek.com/commerce/2020-was-a-watershed-year-for-retail-bankruptcies/amp/
Rancho Pescadero
Lisa Harper owns this hotel. when will it reopen? nothing says "one belk" more than a luxury resort in Mexico.
No post Xmas whining?
What’s wrong Belkers? Why so quiet on post holiday sales? One Belk must be working!