About Belk Inc.
is one of the
nation's largest privately owned mainline department store
company was founded in 1888 by
William Henry Belk
in Monroe, N.C., and is in
the third generation of Belk family leadership.
Belk.com offers a wide assortment of fashion apparel,
shoes and accessories for the entire family along with top
name cosmetics, a wedding registry and a large selection of
quality merchandise for the home.
They are a department store rooted in timeless values
and a rich heritage. They
are committed to delivering fashion and today's top
brands to the modern Southern woman.
They satisfy the modern Southern lifestyle like no
one else because they
know it like no one else.
They aim to be gracious, friendly, passionate, and
colorful at every turn.
They believe Southern isn't just a place: it's an
attitude and state of mind.
At Belk, you'll find today's styles at prices that
are just right for their
customers. And they
take care of their
customers in ways that make them feel special.
In 1888, 24-year-old William Henry
Belk opened his first store in Monroe, N.C. He had $750 in
savings, a $500 loan, and $3,000 worth of goods taken on
consignment. He thought an impressive name was a must, so he
named his store the New York Racket Store.
Portion of his business
"A bargain leaves both the
buyer and the seller feeling good."
"A customer may not always be
right, but he always has rights."
- "A one-trade customer won't
help much. You've got to keep them coming back."
It worked. So much that he realized
his own name was even more impressive. He convinced his
brother Dr. John Belk to join as his partner. And the
business began to flourish, often through store partnerships
with trusted businessmen.
John and Tom Belk, sons of founder
William Henry Belk, became the chief executives of the
company in the mid-1950s following the
death of their father. They began developing relationships
with manufacturers of national apparel brands and led the
migration of Belk stores from older downtown buildings to
modern expanded stores in suburban malls and shopping
centers throughout the South.
In 1967, a single
logo unified the Belk brand. The store shed its bargain
image for one of fashion. The big "B" could be seen all over
In 1988, Belk
celebrated its 100th anniversary, in 300 stores across 16
In 1998, 112 store
corporations become one. It was one of the largest SEC
filings in history, with more than 7,000 pages of legal
In 2004, a new
generation took the reins. Tim Belk was named chairman and
CEO. His brothers Johnny and McKay were named president and
chief operating officer, and president and chief
merchandising officer, respectively. They guided the
acquisition of key department stores, including Proffitt's,
McRae's, and Parisian, completing a dominant market share.
2011, 303 Belk stores located in 16
Southern states and
occupies 29 million feet of retail space, all with the
single goal of satisfying the modern Southern lifestyle.
August 24, 2015 announced that it has
entered into a definitive merger agreement whereby
investment funds managed by New York-based private equity
firm Sycamore Partners will
acquire 100% of Belk in a
transaction with an estimated enterprise value at closing of
approximately $3.0 billion. Read more about the
Sycamore Partners purchase of Belk on the Fashion Blog.
Above is only a small portion of Belk's accomplishments.
To connect with Belk via Facebook,
Twitter, YouTube, blog, mobile phone, text messages or by
email, go to
Belk Get Connected.