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.
This article appears in May 26 – Jun 2, 2009.
