He’s gone wonder what’s next
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The Who wrote a song about this.
Companies like Sycamore never intend to turn failing stores around. They get what they can out of it and then they liquidate.
Belk is in trouble, and the executive leadership team is collapsing like a house of cards.
This is a huge, bright, oversized, red flag.
Don Hendricks is now an interim or acting as Belk CEO next week! Remember this clearly folks, Don Hendricks has worked for these failing and financial trouble retail stores like Gymboree, Hot Topic, Torrid before coming to work for Belk company in 2016 same as Lisa Harper as Ex-Belk CEO from 2016. Insanity is using the same failing executive officers from the same failing retail and trouble companies and expect different results at Belk? Wake up Sycamore Partners before the fool and his money soon will be parted. The fish is stinking and rot from the head down would you think so?
Bye Bye Belk and Hello Enron, Toy R Us, World Com, Sears, Kmart, Linen and Thing and liquidation is next?