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.15 Mar 2021
Is Belk owned by Kohl's?
Formerly New York Racket (1888–1898) Belk Brothers (1898–1909)
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Revenue US$ 3.7 billion (FY 2017)
Owner Sycamore Partners
Number of employees 25,000 (2017)
What is the parent company of Belk?
Formerly New York Racket (1888–1898) Belk Brothers (1898–1909)
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Owner Sycamore Partners
Number of employees 25,000 (2017)
Website www.belk.com
In July 2020, the company announced they would be permanently closing 19 locations by the third quarter. In February 2021, the company announced they would be closing an additional 30-50 more locations in 2021. In December 2020, Francesca's announced that they would be permanently closing an additional 97 stores.
How many Belk stores are left?
Formerly New York Racket (1888–1898) Belk Brothers (1898–1909)
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Headquarters Charlotte, North Carolina, United States
Number of locations 293 (2019)
Has belks been sold?
Private equity firm Sycamore Partners has entered into a definitive agreement to acquire Belk, Inc., the family owned and operated fashion department store company. The deal to acquire Belk is said to be Sycamore Partners' largest transaction to date.
Is Belk associated with Macy's?
Belk's is a fine Southern retailer with a loyal following: its tagline is “this is where southern style lives.” What's more, Belk co-anchors countless malls with Macy's and other mid-tier department stores.6 Apr 2015