Thursday, May 28, 2009

Things (still) aren't looking so great for Belk

Posted By on Thu, May 28, 2009 at 10:41 AM

So, the Charlotte-based retail company announced yesterday that its earnings were down 90 percent. 90 percent! Their net income for the first fiscal quarter for $500,000. In the same period last year, Belk had scraped in $5.1 million. Yeah ... I'd say that's a pretty significant difference ...

Read the full story from the Charlotte Business Journal.

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