Belk, Inc. is an American department store chain founded in 1888 by William Henry Belk in Monroe, North Carolina, with nearly 300 locations in 16 states. Belk stores and Belk.com offer apparel, shoes, accessories, cosmetics, home furnishings and wedding registry.
What kind of business is Belk?
department store chain Belk, founded by William Henry Belk in 1888, is the nations largest privately owned department store chain. The company owns over 300 stores, located primarily in the southeastern U.S.and sells moderately priced designer and private brand apparel.
Is Belk closing any stores in 2020?
The fact that Belk has no store closure plans is positive news for malls, given the way many are already facing a pretty substantial vacancy crisis. With a pile of new capital and a fair amount of unloaded debt, Belk is now in a strong position to stage its post-pandemic recovery.