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The long-struggling mall property is set to get a massive, $100 million overhaul in coming years. The longtime department store there says it is exiting before the bulk of that work begins.
On January 24, 2025 it was announced that the Belk anchor store would close in February 18, 2025. [7] That will leave just JCPenney’s and Macy’s after that. On January 28, 2025 a notice appeared on all mall entrances from the property's owner, Kohan Retail Investments , stating the mall will be closed until further notice due to "unforeseen ...
Belk has more than 20,000 employees, but instituted large-scale furloughs in March when the pandemic hit and stores were temporarily shut down. Layoffs hit the corporate offices in Charlotte in July.
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
The state of North Carolina leads in the number of Belk stores with 65 stores followed by Georgia and South Carolina with 45 and 35 stores respectively. [1] Its typical store covers 100,000 to 180,000 square feet. 50% of its stores are in regional malls, another 40% in open-air community or retail parks , and 10% in open-air lifestyle centers .
The Charlotte-based department store’s CEO calls it a “pivotal milestone” for “sustainable, long-term growth and profitability.” In survival mode, Belk cuts debt by nearly $1 billion ...
Belk dissolved the separate Proffitt's organization, and on March 8, 2006, the Proffitt's store at Riverchase became the mall's first Belk store. In late 2003, Jim Wilson & Associates (JW&A) sold 50% of the Galleria to General Growth Properties (GGP), which assumed management control. In 2006, Belk acquired the Parisian store chain from Saks, Inc.
On December 29, 2011, Sears announced that they would close the store at the Macon Mall due to a decline in sales at both Kmart and Sears stores nationwide. [6] Sears' last day was Sunday, April 29, 2012. Belk closed its doors on Saturday, September 15, 2012, having opened a location at The Shoppes at River Crossing.
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