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Belk was founded in 1888 by William Henry Belk in Monroe, North Carolina, outside Charlotte. The store was first called New York Racket and then Belk Brothers, after Belk made his brother, physician John Belk, his partner. [3] Belk bought in volume to pass savings on and sold at fixed prices, then a relatively unusual practice. [4]
Parisian (Birmingham), sold to Belk 2006, renamed September 2007. Five stores sold to The Bon-Ton, converted to the Carson Pirie Scott name. Pizitz (Birmingham), 13-store Alabama chain, sold to McRae's 1987, renamed later that year; Rogers Became a division of Dunlap's that closed in 2007 after sale of store chain by Rogers family.
The new location of Belk and the South Mall both opened in 1973. Among the new tenants in the South Mall were Casual Corner, Waldenbooks, Spencer Gifts, and relocations of Kinney Shoes and 5-7-9. [20] The new Belk location had more than double the floor space of its prior location, reflecting the company's move toward larger stores. [21]
Proffitt's was a department store chain based in Alcoa, Tennessee.The chain was founded in 1919 by David W. Proffitt and James Ellis. In 2006, the Proffitt's and McRae's stores were converted into Belk after Belk had acquired the two chains in July 2005 from Saks, Inc.
This page was last edited on 9 September 2005, at 04:03 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
As Saks sought repositioning as a more luxury retail-oriented operation, its mid-range chains became targets for sale. McRae's and Proffitt's were among the first to be sold. Charlotte-based Belk, the nation's largest privately owned department store chain, bought Proffitt's/McRae's in a deal that closed in July 2005. [5] [6]
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