for places in poland see be k disambiguation . belk inc. type private industry retail predecessor belk brothers founded 1888 monroe north carolina united states founder william henry belk headquarters charlotte north carolina united states number of locations 300 february 2014 1 products clothing footwear bedding furniture jewelry beauty products and housewares . revenue 4.0 billion fy 2014 4 owner sycamore partners number of employees 24 700 2014 annual report website www.belk.com belk inc. stylized as belk is a department store chain founded in 1888 by william henry belk in monroe north carolina with 300 locations in 16 states . belk stores and belk.com offer apparel shoes accessories cosmetics home furnishings and wedding registry . contents 1 history 2 company today 3 flagship locations 4 references 5 external links history edit the first belk established as new york racket in 1902 . 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 dr. john belk his partner . belk bought in volume to pass savings on and sold at fixed prices then a relatively unusual practice . 2 by 1909 the company had moved its headquarters to charlotte and built a huge flagship store on trade and tryon streets in downtown charlotte which would remain the company s headquarters until it was closed in 1988 to make way for the construction of what is now bank of america corporate center . the business grew steadily relying on bargain sales and advertising to grow the business and increase its influence throughout the south . beginning in 1921 with the leggett bros. stores of south boston virginia the belk company grew by investing in various partnerships with local merchandisers in nearby markets . 3 this complex story is more extensively chronicled in a book 4 about the evolution of the company . this structure allowed belk to expand quickly and permitted local variation but resulted in a diluted brand identity since most stores were co branded . by the 1990s the system had become increasingly untenable stores were held by over 350 separate legal entities belk family members disagreed about whether to maintain or sweep away the structure and some local partners threatened stability by selling their stakes . for example the heirs of john g. parks majority owners of the parks belk chain sold their interests to proffitt s a competitor . the belks quickly sold their stake as well although belk would later purchase the stores back as part of its later acquisition of the entire proffitt s chain . when proffitt s made an offer for the leggett family s stake which included 42 stores comprising about 20 percent of belk s revenue john and tom belk were forced to respond by forming a new company in 1996 that bought the leggetts out . this move accelerated the slow trend of consolidating the store s ownership under the belks . 5 belk bros. store in charlotte north carolina around 1910 . in 1998 the company formed a new entity belk inc. that merged the 112 remaining belk companies swapping the existing partners local interests for shares in the combined entity ; for example the hudson family in raleigh received almost 5 % of the shares . 6 slowly belk eliminated the dual brands completing the process with a chain wide belk rebranding in the fall of 2010 . on july 5 2005 belk completed the purchase of 47 proffitt s and mcrae s department stores from saks incorporated primarily in tennessee and mississippi . belk converted the 39 proffitt s and mcrae s stores to the belk nameplate on march 8 2006 . 7 just over a year later belk purchased 38 parisian department stores from saks on october 2 2006 . although most parisian stores were converted to the belk nameplate since september 12 2007 some duplicate parisian stores were closed as at the mall at barnes crossing in tupelo mississippi richland mall then known as midtown at forest acres columbiana centre in columbia south carolina and citadel mall in charleston south carolina . four parisian stores in indiana michigan and ohio plus a store under construction at the time in michigan were sold by belk to the bon ton stores inc. integrating the larger more upscale parisian stores proved a challenge for belk and spurred the creation of the company s flagship strategy . 8 during the fourth quarter of 2005 belk completed the sale of its private label credit card division belk national bank to ge moneybank . consumers were issued new belk credit cards replacing the old ones issued by bnb . all new belk cards are now issued by ge money bank . 9 on october 3 2010 the news & observer reported that belk planned to update its logo . 10 on october 12 at southpark mall belk introduced the new logo its first since 1967 . the chain embarked on a 70 million marketing campaign that replaced the old slogan all for you with a new slogan modern . southern . style . sixty stores got new signs in the first phase with the remainder getting new signs throughout 2011 . 11 advertisements for belk & co. jewelry continue to use a variation of the old logo . on april 3 2015 news reports revealed that belk was exploring strategic alternatives including a possible sale of the company . 12 on august 24 2015 belk announced that it had entered into a definitive merger agreement to be acquired by new york based private equity firm sycamore partners . 13 the acquisition was completed on december 10 2015 . 14 on june 29 2016 belk announced that effective as of july 5 lisa harper ceo of hot topic would replace tim belk as ceo of belk . this would be the first time since the founding of the company that a non belk family member would head the company . 15 company today edit belk store in greenville south carolina the chain operates 300 stores in 16 states generating us 4 billion in sales in 2014 . 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 power shopping centers and 10 % in open air lifestyle centers . 16 class a and class b common stock shares are publicly traded on the otcbb market a 2011 sec proxy filing shows over 90 percent of the class a stock held by belk family interests . 17 former belk logo used from 1967 to 2010 . the all for you slogan was used from the late 1990s onward . even as belk has made its recent acquisitions the chain has operated limited electronic commerce on its website and those websites acquired and redirected to belk.com . home furnishings such as bedding small kitchen appliances crystal dinnerware and china have been offered for several years to online shoppers as a part of the chain s online bridal and gift registry . the chain revamped its website and registry on september 15 2008 . celebrity branded product lines are another pursuit including a partnership with actress kristin davis for a ladies apparel and accessories collection which debuted in fall 2008 in 125 store locations and online . however that product line was discontinued in late 2009 . 18 in december 2010 belk announced that beginning in 2011 it would become the title sponsor for the former meineke car care bowl played in charlotte now renamed the belk bowl . the sponsorship would continue for three years . 19 the first belk bowl drew 58 427 fans in 2011 and the 2013 game drew 48 128 . 20 on july 18 2013 belk announced the six year extension of the belk bowl s partnership with the atlantic coast conference beginning in 2014 . 21 under the current agreement the bowl will feature teams from the acc and the southeastern conference sec . flagship locations edit a flagship store at bridge street town centre in huntsville al. the chain has multiple flagship locations larger locations in urban and metropolitan centers 22 and a wider array of merchandise and services including in store salons . 23 24 as of 2014 the chain claimed 18 flagship locations and plans to upgrade more locations . southpark mall in charlotte north carolina houses the chain s largest store with more than 336 414 square feet 31 253.9 m2 . the store was built in 1970 as one of the mall s original anchor stores . the mall was co developed by the belk and ivey families . phipps plaza in buckhead atlanta georgia contains a flagship for that region . it opened as a parisian during a 1992 expansion of the mall to three anchor department stores . like the store at the summit it converted to a belk by september 2007 although its conversion to flagship wasn t officially announced until november 2 2007 . the company said it would help them compete against stores like saks fifth avenue and nordstrom which have locations at phipps . neiman marcus and bloomingdale s have locations across the street at lenox square . this will help them in the buckhead market . 25 riverchase galleria in birmingham alabama houses a flagship store made official after a recent renovation brings it up to par with the mall s rival lifestyle center the summit . 26 the summit in birmingham alabama houses a flagship store built in 1997 as a parisian store and one of the lifestyle center s original anchors . its intended conversion to a belk flagship was announced on april 25 2007 with the reorganization complete by september 2007 . it had been parisian s flagship store . crabtree valley mall in raleigh north carolina where hudson belk built an elaborate 236 000 square foot 21 900 m2 store in 1972 subsequently expanded to 305 000 square feet 28 300 m2 in 2007 with separate locations for menswear and in mall cosmetics counters in north carolina s high tech research triangle . galleria dallas in dallas texas opened in april 2014 replacing the former saks fifth avenue . 27 it is the first regional mall in texas to house a belk in contrast to other belk locations in texas that are in outdoor shopping centers . 116 000 square foot 10 800 m2 bridge street town centre in huntsville alabama opened in september 2014 with 170 000 sq ft replacing a store in nearby madison square mall columbiana centre in columbia south carolina is where belk is expanding to a 250 000 square foot 23 000 m2 store by 2015 in columbia s upscale lake murray irmo retail district . belk is opening a dedicated men s store in half of the former sears anchor pad . 28 streets at southpoint in durham north carolina opened in 2002 with a 180 000 square foot 17 000 m2 store which included many of the features that dazzled shoppers at belk s largest store the flagship location at southpark . 29 friendly center in greensboro north carolina became a flagship store in 2014 with the addition of a home department . 30 hanes mall in winston salem north carolina which opened in 1975 with a 241 607 square foot 22 446.0 m2 store . 31 references edit 1 womick chip december 2010 . main street merchant . our state . retrieved 29 march 2015 . womick chip . main street merchant . missing or empty url help belk inc. the company and the family that built it bull becky 7 october 1996 . belk making small moves to fight foes . charlotte business journal . retrieved 29 march 2015 . mildenberg david 12 january 1998 . hudson role appears vital to