BLKIA Belk Inc featured news, full reports, and detailed charts
Belk Inc (BLKIA/BLKIA.PK) Wrap Up:
Belk, Inc., together with its subsidiaries, operates retail department stores primarily in the southeastern United States. Its stores offer fashion apparel, shoes, and accessories for women, men, and children, as well as cosmetics, home furnishings, house wares, jewelry, gifts, and other merchandise. The company’s stores also include hair salons, spas, restaurants, optical centers, and other amenities. In addition, Belk stores offer exclusive private brands in selected merchandise categories, including Kim Rogers, Madison Studio, Madison, J. Khaki, Meeting Street, Saddlebred, Home Accents, W.H. Belk, Red Camel, Biltmore Estate For Your Home, Cook’s Tools, and New Directions. As of February 2...www.belk.com
23,180 Employees
Founded in 1888
Belk Inc (BLKIA:OTC)
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Market Cap
12.5M
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Total Revenue
3.4B
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EBITDA
282.4M
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DILUTED EPS TTM
-4.44
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P/E
--
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P/S
0.1x
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Return On Asset
2.79
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Return On Equity
-18.04
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| K = Thousands M = Millions B = Billions | ||
BLKIA Top Compensated Officers
Mr. Thomas M. Belk Jr.
Chairman, Chief Executive Officer and Member ...
Age: 54
Total Annual Compensation: $867.4K
Mr. H. W. McKay Belk
President, Chief Merchandising Officer, Direc...
Age: 52
Total Annual Compensation: $761.6K
Mr. Brian Marley
Chief Financial Officer and Executive Vice Pr...
Age: 52
Total Annual Compensation: $552.8K
Mr. John R. Belk
Chief Operating Officer, Director and Member ...
Age: 50
Total Annual Compensation: $761.6K
Mr. Ralph A. Pitts
Executive Vice President, Secretary and Gener...
Age: 55
Total Annual Compensation: $614.2K
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for Belk Inc (BLKIA)
Belk Inc. Announces Unaudited Earnings Results for Its Fiscal Second Quarter and First Six Months Ended August 1, 2009
09/2/2009
Belk Inc. announced unaudited earnings results for its fiscal second quarter and first six months ended August 1, 2009. For the quarter the company reported operating income of $26.7 million, income before income taxes of $13.9 million and net income of $9.4 on revenues of $760.3 million against operating income of $23.4 million, income before income taxes of $11.3 million and net income of $8.2 on revenues of $829.3 million for the same quarter a year ago. The decrease Net Sales were due primarily to a weak sales environment fueled by consumers' continued economic concerns and a shift of state sales tax holidays in some Belk markets from July to August. The increase in net income was due primarily to improved gross margin performance and effective cost control measures during the period. For the six months the company reported operating income of $40.1 million, income before income taxes of $14.8 million and net income of $10.0 on revenues of $1,521.2 million against operating income of $43.6 million, income before income taxes of $19.1 million and net income of $13.3 on revenues of $1,646.6 million for the same quarter a year ago.
Belk Inc. Announces Executive Changes
07/23/2009
Belk Inc. announced that James Harvey will retire as its executive vice president of operations. He will be succeeded by Ron Shealy, who currently is senior vice president of the company's Parisian integration office. Harvey joined the company in May 1995 as vice president of operations. He was promoted to senior vice president of operations in December 1997 and executive vice president of operations in August 2002.
H. W. McKay Belk Resigns as President and Chief Merchandising Officer of Belk Inc
06/25/2009
After a thirty year career with Belk Inc., H. W. McKay Belk, President and Chief Merchandising Officer, has announced that he has decided to transition out of management to devote time to ministry related activities. Commencing on August 3, 2009, Mr. Belk's transition will consist of a twelve month period on sabbatical and a subsequent eighteen month period in the role of Vice Chairman.
BLKIA Competitors
| Company | Last | Change |
| Bon Ton Stores Inc | $13.07 USD | +0.41 |
| Dillards Inc | $15.66 USD | +1.38 |
| Limited Brands Inc | $17.25 USD | -0.43 |
| Saks Inc | $6.71 USD | +0.01 |
| Stage Stores Inc | $12.11 USD | +0.15 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | BLKIA | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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BLKIA |
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BLKIA transactions
| Type Date |
Target |
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Buyback
June 24, 2009 |
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More Recent News About Belk Inc
More news for BLKIA
BELK INC Financials
PERIOD ENDING1-Aug-092-May-0931-Jan-091-Nov-08Total Revenue760,261 760,894 1,111,406 741,404 Cost of Revenue522,367 532,093 765,846 532,592 Gross Profit237,894 228,801 345,560 208,812 Operating ExpensesResearch Development - - - - Selling General and Administrative211,129 215,276 241,076 235,399 Non Recurring44 134 355,634 (1,446)Others - - - - Total Operating Expenses - - - - Operating Income or Loss26,721 13,391 (251,150)(25,141)Income from Continuing OperationsTotal Other Income/Expenses Net - - 3,226 (238)Earnings Before Interest And Taxes26,721 13,391 (247,924)(25,379)Interest Expense12,768 12,559 17,152 11,912 Income Before Tax13,953 832 (265,076)(37,291)Income Tax Expense4,543 288 (62,263)(13,803)Minority Interest - - - - Net Income From Continuing Ops9,410 544 (202,813)(23,488)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - ...Click here to read the whole Article (external link)
BELK INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Overview Belk, Inc., together with its subsidiaries (collectively, the "Company" or "Belk"), is the largest privately owned mainline department store business in the United States. As of August 1, 2009, the Company had 308 stores in 16 states, located primarily in the southern United States. The Company generated revenues of $3.5 billion for the fiscal year ended January 31, 2009, and together with its predecessors, has been successfully operating department stores since 1888 by seeking to provide superior service and merchandise that meets customers' needs for fashion, value and quality. The following discussion, which presents the results of the Company, should be read in conjunction with the Company's consolidated financial statements as of January 31, 2009, and for the year then ended, and related Notes and Management's Discussion and Analysis of Financial Condition and Results of Operations, all contained in the Company's Annual Report on Form 10-K for the year ended January 31, 2009. The Company's fiscal year ends on the Saturday closest to each January 31. All references to "fiscal year 2010" refer to the fiscal year that will end January 30, 2010 and all references to "fiscal year 2009" refer to the fiscal year ended January 31, 2009. The Company's revenues decreased 8.3% in the second quarter of fiscal year 2010 to $760.3 million and comparable store revenues decreased 9.4%. Comparable store revenue includes stores that have reached the one-year anniversary of their opening as of the beginning of the fiscal year and eCommerce revenues, but excludes closed stores. Operating income increased to $26.7 million in the second quarter of fiscal year 2010 compared to $23.4 million during the same period in fiscal year 2009. Net income increased to $9.4 million or $0.19 per basic and diluted share in the second quarter of fiscal year 201...Click here to read the whole Article (external link)
BELK INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for BELK INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for BELK INC 2-Sep-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended fo...Click here to read the whole Article (external link)
BELK INC Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for BELK INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for BELK INC 25-Jun-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for t...Click here to read the whole Article (external link)
BELK INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Overview Belk, Inc., together with its subsidiaries (collectively, the "Company" or "Belk"), is the largest privately owned mainline department store business in the United States, with 308 stores in 16 states, primarily in the southern United States, as of May 2, 2009. The Company generated revenues of $3.5 billion for the fiscal year ended January 31, 2009, and together with its predecessors, has been successfully operating department stores since 1888 by seeking to provide superior service and merchandise that meets customers' needs for fashion, value and quality. The following discussion, which presents the results of the Company, should be read in conjunction with the Company's consolidated financial statements as of January 31, 2009, and for the year then ended, and related Notes and Management's Discussion and Analysis of Financial Condition and Results of Operations, all contained in the Company's Annual Report on Form 10-K for the year ended January 31, 2009. The Company's fiscal year ends on the Saturday closest to each January 31. All references to "fiscal year 2010" refer to the fiscal year that will end January 30, 2010 and all references to "fiscal year 2009" refer to the fiscal year ended January 31, 2009. The first quarter of fiscal year 2010 was a difficult one for the Company as a result of continued weakness in consumer retail spending due primarily to poor macro-economic conditions and a challenging retail climate during the period. As a result, the Company's revenues decreased 6.9% in the first quarter of fiscal year 2010 to $760.9 million and comparable store revenues decreased 7.7%. Comparable store revenue includes stores that have reached the one-year anniversary of their opening as of the beginning of the fiscal year, eCommerce revenues and excludes closed stores. Operating income decreased to $13.4 million in t...Click here to read the whole Article (external link)
BELK INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for BELK INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for BELK INC 27-May-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended f...Click here to read the whole Article (external link)
BELK INC Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Overview Belk, Inc., together with its subsidiaries (collectively, the "Company" or "Belk"), is the largest privately owned mainline department store business in the United States, with 307 stores in 16 states, primarily in the southern United States. The Company generated revenues of $3.5 billion for the fiscal year ended January 31, 2009, and together with its predecessors, has been successfully operating department stores since 1888 by seeking to provide superior service and merchandise that meets customers' needs for fashion, value and quality. The Company's fiscal year ends on the Saturday closest to each January 31. All references to fiscal years are as follows: The Company's total revenues decreased 8.5% in fiscal year 2009 to $3.5 billion. Comparable store sales decreased 8.7%. Softening macroeconomic conditions, including the dramatic deterioration in financial markets Table of Contents and consumer confidence as the year progressed, weighed heavily on consumer spending, particularly for discretionary retail merchandise. The Company recorded a non-cash goodwill impairment charge of $326.6 million in the fourth quarter of fiscal year 2009 as a result of the decline in the fair value of the goodwill as determined in the Company's annual goodwill impairment test in accordance with Financial Accounting Standards Board ("FASB") Statement of Financial Accounting Standards ("SFAS") No. 142, "Goodwill and Other Intangible Assets." As a result of this goodwill impairment charge, the Company had an operating loss of $232.6 million in fiscal year 2009 compared to operating income of $198.1 million in fiscal year 2008. Net loss was $213.0 million or $4.35 per basic and diluted share in fiscal year 2009 compared to net income of $95.7 million or $1.92 per basic and diluted sha...Click here to read the whole Article (external link)
BELK INC Files SEC form 8-K, Entry into a Material Definitive Agreement
Show all filings for BELK INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for BELK INC 3-Apr-2009Entry into a Material Definitive Agreement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for...Click here to read the whole Article (external link)
BELK INC Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for BELK INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for BELK INC 13-Jan-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for t...Click here to read the whole Article (external link)
BELK INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Overview Belk, Inc., together with its subsidiaries (collectively, the "Company" or "Belk"), is the largest privately owned department store business in the United States, with over 300 stores and revenues of $3.82 billion for the fiscal year ended February 2, 2008. The Company and its predecessors have been successfully operating stores since 1888 by seeking to provide superior service and merchandise that meets customers' needs for fashion, value and quality. The following discussion, which presents the results of the Company, should be read in conjunction with the Company's consolidated financial statements as of February 2, 2008, and for the year then ended, and related Notes and Management's Discussion and Analysis of Financial Condition and Results of Operations, all contained in the Company's Annual Report on Form 10-K for the year ended February 2, 2008. The Company's fiscal year ends on the Saturday closest to each January 31. All references to "fiscal year 2009" refer to the fiscal year that will end January 31, 2009 and all references to "fiscal year 2008" refer to the fiscal year ended February 2, 2008. The third quarter of fiscal year 2009 was a difficult one for the Company. Softening macroeconomic conditions, including the dramatic deterioration in financial markets and consumer confidence as the quarter progressed, weighed heavily on consumer spending, particularly for discretionary retail merchandise. As a result, the Company's revenues decreased 8.3% in the third quarter of fiscal year 2009 to $741.4 million and comparable store revenues decreased 9.8%. Comparable stores include stores that have reached the one-year anniversary of their opening as of the beginning of the fiscal year and exclude closed stores. Operating income (loss) decreased to a $25.1 million loss in the third quarter of fiscal year 2009 compared to o...Click here to read the whole Article (external link)
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