Residents of the Sun Belt have been known to leave their homes with Beall's on. The retail holding company operates through subsidiaries Beall's Department Stores, Beall's Outlet, and Burke's Outlet Stores in a dozen states. It has more than 530 department and outlet stores (about 200 are in Florida) located throughout states in the southern and western US, including Arizona, California, Georgia, Louisiana, and Texas. Products range from off-price clothing and footwear for men and women to cosmetics, gifts, and housewares. Each chain has its own online shopping destination. The family-owned company was founded in 1915 by the grandfather of Chairman Robert Beall (pronounced "bell").
Beall's Inc. oversees operations of its three operating companies. Beall's Florida operates more than 70 stores in the Sunshine State. Beall's Outlet operates about 300 stores in Arizona, Florida, and Georgia, while Burke's Outlet operates more than 160 stores in 11 states.
With many of its stores in Arizona, Florida, and California (three of the states hit hardest by the housing crisis and deep recession) Beall's Inc. should be in a heap of retail trouble. However, its largest chain -- Beall's Outlet --has proven quite popular during this recession. Indeed, the budget-priced outlet chain has outperformed its two sister chains, as well as more moderately priced department stores. The retailer has also benefitted from the demise of other retailers, including Goody's, Linens 'n Things, and Mervyn's.
The three operating companies share resources provided by Beall's Inc., such as distribution, finance, loss prevention, and information systems. Conversely, each chain is responsible for its purchasing, product development, real estate, and advertising activities. While the privately-held company doesn't publish its financial results, it rings up more than $1 billion in sales annually across its three chains.
Stores operating under the Bealls name in Alabama, New Mexico, and Texas are owned by Stage Stores and are not affiliated with Beall's, Inc.
▲ Show Less▼ Show Full Description