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Last $70.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
BLKIB On Other Exchanges
Symbol
Exchange
OTC US
OTC BB
As of 8:10 PM 05/18/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

2801 West Tyvola Road

Charlotte, NC 28217

United States

Phone: 704-357-1000

Fax:

Belk, Inc., together with its subsidiaries, owns and operates department store business in the United States. As of January 31, 2015, the company owned and operated 297 stores in 16 states. Strategy The company has focused its strategy on new stores, expanding and remodeling existing stores, developing new merchandising concepts in targeted demand centers, and expanding its online capabilities. The company’s business strategy focuses on quality merchandise assortments, effective marketing and sales promotion strategies, attracting and retaining talented, well-qualified associates to deliver superior customer service, and operating efficiently with investments in information technology and process improvement. Merchandising The merchandise mix is targeted to upper and middle income customers shopping for their families and homes, and includes a selection of fashion apparel, accessories, and shoes for women, men, and children, as well as cosmetics, home furnishings, housewares, gift and guild, jewelry, and other types of department store merchandise. Belk stores and belk.com offer large assortments of many national brands. The company has long-term relationships with many top apparel and cosmetics suppliers and is often the sole distributor of desirable apparel, accessories and cosmetic lines in its markets. Belk stores and belk.com also offer exclusive private brands in selected merchandise categories that are designed and manufactured to provide compelling fashion assortments that meet customers’ needs and set Belk apart from competitors through their styling, quality and price. The company’s private brands include MADE Cam Newton, CYNTHIA Cynthia Rowley, Crown and Ivy, Chip & Pepper California, ND-New Directions, ND Weekend, Kim Rogers, J. Khaki, Pro Tour, SB Tech, Ocean & Coast, Saddlebred 1888, Red Camel, Nursery Rhyme, Belk Silverworks, Be Inspired, Biltmore, Home Accents and Cook’s Tools. During fiscal year ended January 31, 2015, the company opened six new fine jewelry shops and was operating 160 fine jewelry shops in its stores under the Belk and Co. Fine Jewelers name. Belk and Co. Fine Jewelers merchandise is also sold on belk.com. Belk seeks to provide customers with a convenient and enjoyable shopping experience both in stores and online at belk.com, by offering an appealing merchandise mix that includes assortments of brands, styles, and sizes. Belk stores and belk.com sell top national brands of fashion apparel, shoes and accessories for women, men, and children, as well as cosmetics, home furnishings, housewares, fine jewelry, gifts and other types of quality merchandise. The company also sells exclusive private label brands, which offer customers differentiated merchandise selections. Larger Belk stores may include hair salons, spas, restaurants, optical centers, and other amenities. The company’s subsidiary, Belk Stores Services, Inc. and its subsidiary, Belk Administration Company, along with Belk International, Inc. (a subsidiary of the company) and its subsidiary, Belk Merchandising Company, LLC (collectively ‘BSS’), coordinate the operations of Belk stores on a company-wide basis. BSS provides a range of services to the Belk division offices and stores, such as merchandising, merchandise planning and allocation, advertising and sales promotion, information systems, human resources, public relations, accounting, real estate and store planning, credit, legal, tax, distribution and purchasing. Gift Cards The company’s gift card program provides a convenient option for customer gift-giving and enables stores to issue electronic credits to customers in lieu of cash refunds for merchandise returned without sales receipts. Various types of gift cards are available, each featuring a distinctive design and appeal. Belk gift cards can be redeemed in stores and for purchases made on belk.com. The company offers Belk gift cards for sale outside of its stores, mainly in select grocery store outlets through third parties. Salons and Spas As of fiscal year ended January 31, 2015, the company owned and operated salons and spas in 18 Belk locations that specialize in the latest trend

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BLKIB

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Valuation BLKIB Industry Range
Price/Earnings 21.3x
Price/Sales 0.7x
Price/Book 2.2x
Price/Cash Flow 20.5x
TEV/Sales 0.6x
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