Belk news and archive

Belk to open new locations and remodel 12 stores

Belk just announced that it will be opening three new stores by the end of next year. The new stores will open this year and include an assortment of products that encapsulate a modern, southern aesthetic. The stores will open in Evans, Georgia; Bowling Green, Kentucky; and Hagerstown, Maryland. The new locations are part of a nearly 40 million...

Business

Sycamore Partners buys Belk for 3 billion dollars

US largest family-owned department store, Belk, Inc., has been acquired by New York-based private equity firm Sycamore Partners in a deal said to be circa 3 billion dollars. Monday, Sycamore Partners announced it will get 100 percent of Belk in a deal that will pay to the department store chain’s shareholders 68 dollars per share. The deal has...