Mixed Bag for Belk

Hogsett, Don
May 2005
Home Textiles Today;5/30/2005, Vol. 26 Issue 37, p16
Trade Publication
The article informs that Southeastern department store retailer Belk Inc. recorded a 2.6 percent increase in first quarter profits, to $24.3 million from $24.1 million last year. But squeezed between thinning margins and rising costs, operating profits at the privately held company slipped 4.7 percent, to $45.1 million from $47.3 million during the same period a year ago. Sales at the privately held Belk, one of the last remaining family dynasties remaining in American retailing, rose 3.3 percent, to $568.1 million from $550.1 million last year.


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