Belk, Inc.
Overview
Belk is busy bulking up. Already the nation's largest privately owned department store chain, Belk now operates more than 300 stores in some 15 states, following its 2006 purchase of the Parisian chain from Saks. Previously, Belk acquired Saks' McRae's and Proffitt's divisions. Belk stores are located primarily in the southeastern (the Carolinas, Florida, and Georgia) states and offer mid-priced brand-name and private-label apparel, shoes, jewelry, cosmetics, gifts, and home furnishings. Its stores usually anchor malls or shopping centers in small to midsized markets and target 35-to-54-year-old middle- and upper-income women. The Belk family runs the show and owns most of the company.
Sample Overview & HistoryKey Numbers from Hoover's UK
Key financials for Belk, Inc.
| Company Type | Private |
|---|---|
| Fiscal Year-End | January |
| 2011 Sales (mil.) | £2,215.5 |
| 1-Year Sales Growth | 5.0% |
| 2011 Net Income (mil.) | £80.5 |
| 1-Year Net Income Growth | 90.1% |
| 2011 Employees | 24,000 |
| 1-Year Employee Growth | 0.5% |
Key People from Hoover's UK
Key people and executives for Belk, Inc.
| Chairman and CEO | Thomas M. (Tim) Belk Jr. (Subscribers see complete biographies -- view sample)
|
|---|---|
| President and Chief Merchandising Officer | Kathryn (Kathy) Bufano |
| President, COO, and Director | John R. (Johnny) Belk |
Top Competitors from Hoover's UK
Top competitors of Belk, Inc.
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