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Belk’s Debt Downgrade Adds to Financial Woes
WWD via Yahoo News· 1 year agoBelk is the latest department store chain raising eyebrows in some credit circles. The Charlotte, North Carolina-based retailer could face challenges...
Belk outpaces competitors as new outlet stores open, report says
Charlotte Observer via Yahoo News· 1 year agoBelk has seen more shoppers in stores compared to other department stores, according to one report,...
Belk Taps Don Hendricks as CEO, Replacing Nir Patel
Footwear News via Yahoo News· 2 years agoBelk has tapped Don Hendricks as CEO, effective immediately. Hendricks joined Belk in 2016 and served as interim CEO since May 2022, when the company’s...
One Belk store in Raleigh will carry furniture, appliances in new partnership
Raleigh News and Observer via AOL· 2 years agoIn addition to the department store’s usual offerings of clothes and small home goods, one Raleigh...
Belk Sues Former CEO Nir Patel for Allegedly Poaching Employees
Footwear News via Yahoo News· 2 years agoThe department store is suing its former CEO, Nir Patel, and his new employer, GameStop, over...
Bed Bath & Beyond, David's Bridal, Party City, and more: The biggest retail bankruptcies of the past...
Business Insider via Yahoo News· 10 months agoDozens of retailers have filed for bankruptcy over the past 15 years, and some have liquidated all...
The Weekly Closeout: Thrasio files Ch. 11 bankruptcy and will Macy’s close its San Francisco...
Retail Dive via Yahoo Finance· 2 months agoIt’s been another week with far more retail news than there is time in the day. Below, we break down...
Stores and Brands You Thought Were Dead But Aren't
Cheapism via AOL· 2 years agoTennesseePhotographer/istockphoto The pandemic accelerated bankruptcies among retailers in a big way, and even before that, many familiar names were...
2024’s Retail Distress List is Growing, Experts Say
Sourcing Journal via Yahoo Finance· 3 weeks agoCorporate defaults are on the rise, and that means retailers already in distress could become even more pressured this year. A U.S. Distressed and...
Tuesday Morning files for Chapter 11 bankruptcy protection; store closures expected
WSOC via Yahoo News· 1 year agoA national retailer with stores in Charlotte is filing for Chapter 11 bankruptcy protection — again....