More Signs of the End Times

More Signs of the End Times

Belk's is being sold to Yankees...

Not that there's anything wrong with that (much)... Another example of third generation business failure...
http://www.charlotteobserver.com/news/business/article32006829.html

Comments

  1. rik finnAugust 25, 2015 at 12:17 PM

    Have you been to a Belk lately?  Disappointing to say the least.  They still do retail 80's style.

    The whole "minor-league" department store is an anachronism these days.  With the internet, Wal-mart, big-box stores and the homogenization of American retail, it's either sell-out or close.  The days of smaller regional chains has faded.  check out this list of stores and see if there are any that are familiar...

    https://en.wikipedia.org/wiki/List_of_defunct_department_stores_of_the_United_States

    Where I grew up, Caldor's was the place to go when you wanted a whole bunch of stuff and didn't want to go to 30 places to get it. That ended with the 21st century.

    https://en.wikipedia.org/wiki/Caldor

    It's not third-generation failure, It's an outdated business model that's been slowly dying for years.  Belk is just another notch in the tightening belt of retail.

    ReplyDelete
  2. Drew McCarthyAugust 25, 2015 at 1:01 PM

    Well, actually, it's both changes in customer expectations, and management practices, at Belk's, anyway.
    Belk's used to be a kinder, more stylish, and more Southern version of Sears.
    You paid a bit more, but did not mind.
    Traditional, but not too dated.
    IMO, they began to lose their way in the 90's, alienating both old and new customers.

    ReplyDelete

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