Belk, Inc. · Charlotte, NC United States
Company Description
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This link will open in a new window 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 Southeast and Mid-Atlantic (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 medium-sized 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. To read the full description, subscribe now.
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Key Belk, Inc. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | January |
| 2009 Sales (mil.) | $3,499.4 |
| 2009 Employees | 23,180 |
Belk, Inc. Executives
17 executives listed for Belk, Inc.'s Charlotte, NC location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Thomas Belk | Network |
| Co-President, Chief Merchandising Officer, and Director | H. W. McKay Belk | Network |
| Co-President, COO, and Director | John Belk | Network |
Competition
Competitive Landscape for Belk, Inc.
Jewelry sales depend partly on consumer income. Small jewelers can effectively compete with large chains because price isn't the main factor determining sales. Profitability depends on merchandising and effective marketing. Jewelry is sold not only by specialized jewelry retailers, but also by department stores and mass merchants. Because regular gross margins are very high, often 50 percent, mass merchants have been able to cut prices and take market share. Wal-Mart is the largest jewelry retailer in the US. To read the full description, subscribe now.Top Belk, Inc. Competitors
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