Mon, Apr. 6, 10:56 AM
- Belk (OTCQB:BLKIA, OTCQB:BLKIB) is more likely to be bought out by a P-E firm than a major department store chain, according to analysts covering the sector.
- Macy's (M -0.3%), which has been mentioned the most as a potential buyer, already has a national footprint covering 45 states with ample coverage in the Southeast where Belk is concentrated.
- The company has already tipped off it will look at non-department store concept and new international markets for growth.
- Previously: Reuters: Belk seeking a sale (Apr. 02 2015)
- Previously: Belk hires Goldman Sachs to prep for sale (Apr. 02 2015)
Thu, Apr. 2, 5:54 PM
- Belk (OTCQB:BLKIA, OTCQB:BLKIB) confirms it's considering a sale.
- The department store chains has hired Goldman Sachs to help it explore options.
- Belk operates 297 stores in the U.S.
- The Belk family owns a majority of the shares in the company (SEC Form 14A) with some limited action on the OTC market as well.
- Previously: Belk seeking a sale
Thu, Apr. 2, 12:41 PM| 1 Comment
Tue, Jan. 13, 9:18 AM
BLKIA vs. ETF Alternatives
Belk, Inc., together with its subsidiaries (collectively, the "Company" or "Belk"), is the largest privately owned mainline department store business in the United States, with 303 stores in 16 states, as of the fiscal year ended January 28, 2012. Located primarily in the southern United States,... More
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