Why does belk have a New York office if they don’t have any stores in New York, or even a footprint in the Northeast?
3 replies (most recent on top)
They hired a LOT of fully remote people between 2020 and 2024. A lot were based out of NY.
When they decided to bring everyone back to charlotte (couldn't sublease the building and wouldn't withhold rent payments forever or get out of the lease), they didn't want to lose them, so they decided to waste $$ on a NY office instead.
It's quite funny, because a good amount of those people have no left bc they realize Belk is a joke. Its also probably easier for Don to commute from his Martha's Vineyard estate to NY
maybe belk can hit $2 billion in debt again
you have a fancy new york office and no a/c in your stores in Bu-------k Mississippi
It's for private label design and for the financial folks...the private equity folks need quick access to pile on my debt