Belk’s debt is increasing rapidly with lower margins, higher cost, and less foot traffic. The debt which is currently nearly $2.5 billion is only set to increase with rising interest rates and lackluster sales.
6 replies (most recent on top)
If Belk is in deep 2.5 billion dollars in debts then fund raising and candle light dinner for for Don and his useless RVPs should be KFC chicken plate deal only for this night!
Here is an another wonderful idea for Belk CEO Don Hendricks and many of his sycophants RVPs and store managers. Let have a $100,000 Belk elegant candlelight dinner fund raising with Don The Con to help out and reduce cost at the same time save Belk company again with currently 2.5 billion dollars in debts! I know the chicken plate does not taste that good anyway! Is that to right Don The Con?
Go fund me to get out of debts I think Belk CEO should do or sell shirts that said No sweat no surrender at Belk! Buy one get one free if we can sell enough!
any company that has $2 billon & up in debt on the books can fold at any minute. I would be very nervous working for that company.
It's common knowledge that belk was in debt for 1.9 billion when they filed bankrupcy. So 2.5 sounds about right.
What is your source for this news?