Macy's has announced that it is cutting 3900 jobs. They are doing better than Belk financially and their credit rating is higher. My concern is what will happen when it becomes Belk's time and how much more severe will it be? I would love for these questions to addressed soon. Perhaps in the coming visits we will hear something, but I seriously doubt it.
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It’s possible that things are so bad at Belk, corporate has no way to sugar coat anything or put some type of corporate spin on it, so they just say nothing until the bitter end.
Belk will probably just shutter all their stores at one time and everyone will be left in the dust