Beall's, Inc.

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. The multi-brand retailer has more than 535 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").

Geographic Reach

Beall's trio of chain's operate stores in Alabama, Arkansas, Arizona, California, Florida, Georgia, Kentucky, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, South Carolina, Tennessee, Texas, Virginia, and West Virginia. 

Operations

Beall's Inc. oversees operations of its three operating companies. Beall's Florida operates some 65 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 about a dozen states.

Financial Performance

Privately-owned Beall's rings ups more than $1 billion in sales annually.

Strategy

The company's new president, recruited in 2012 to run Beall's Outlet and Burke's Outlet stores, has aspirations to transform the company into a major discount retailer, much like its larger rivals TJX and Ross Stores. To that end, the company plans to add new stores outside its traditional markets, with an eye on establishing a national retail presence. Targets include adding 30 to 50 stores a year for the next several years and raising brand awareness beyond Florida.

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 have been in a heap of retail trouble. However, its largest chain -- Beall's Outlet --proved to be quite popular during this recession. Indeed, the budget-priced outlet chain outperformed its two sister chains, as well as more moderately priced department stores. The retailer has also benefited 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.

Company Background

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.

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Beall's, Inc.


1806 38th Ave E
Bradenton, FL 34208-4700
Phone: 1 (941) 747-2355
www.beallsinc.com

STATS


  • Employer Type: Private
  • Chairman: Robert Beall
  • Managing Director: Bob Burns
  • Ceo: Steve Knopik

Major Office Locations

  • Bradenton, FL
  • Bradenton, FL

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