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Profile – Belk, Inc.

Belk is the largest privately-owned mainline department store business in the U.S., offering brand name and private label fashion apparel, shoes and accessories for women, men and children, as well as cosmetics, home furnishings, housewares, fine jewelry and gifts. As of Jan 28, 2012 the company operated 303 stores in 16 Southern U.S. states.

Headquarters Charlotte, North Carolina
Sector Department Stores
Primary NAICS Code 45211 – Department Stores
Primary SIC Code 5311 – Department Stores
Fiscal Year 2013 Ends on Feb 2, 2013
2012 Net Sales $ 3.70 Billion
2012 Net Income $ 183.1 Million
Store Count* 303
Total Selling Sq Ft* 22,800,000
Employees* 23,000

*as of 1/28/12




Financial Summary
2012 2011 YoY % Chg 3 YR CAGR 5 YR CAGR
Net Sales (1,000′s) $ 3,699,592 $ 3,513,275 5.3% 1.9% 0.1%
Same-Store Sales Chg 5.5% 5.1%
Operating Income (1,000′s) $ 300,910 $ 245,981 22.3% N/A -1.5%
Net Income (1,000′s) $ 183,148 $ 127,628 43.5% N/A 0.1%
Diluted EPS $ 4.02 $ 2.71 48.4% N/A 2.3%
Store Count 303 305 -0.7% -0.4% -0.8%
Selling Sq Ft (1,000s) 22,800 22,800 0.0% -2.0% -1.4%
Employees 23,000 24,000 -4.2% -0.3% -4.5%
Advertising Spend (1,000s) $ 152,000 $ 143,200 6.1% 4.2% 4.9%

Belk - Compound Annual Growth Rates



Fiscal Year Net Sales by Category (as % of Total)
2012 2011 2010
Women’s 34.0% 35.0% 36.0%
Cosmetics, Shoes & Accessories 34.0% 33.0% 33.0%
Men’s 17.0% 17.0% 16.0%
Home 9.0% 9.0% 9.0%
Children’s 6.0% 6.0% 6.0%

Belk - 2012 Net Sales by Category


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