They were largely family owned until 2015, and then bought out, leaving the company with 2 billion in debt. I have been a customer since the 60’s. They had a fluoroscope way back, in the shoe department, where you could see your feet inside your shoes! Totally cool and probably cancer-causing.
I didn’t know about the buy-out in 2015, but noticed they had cut staff to the bone — you had to search for an employee to help you. A shame, since they carried good quality clothing and other goods and had long-time salespeople who knew their stuff.
I’m doom casting here but I don’t see the mall retail concept being sustainable in the future. With people freaked out to be in crowds, having to wear a mask just to be there, it’s not a comfortable place to shop for more and more folks.
I agree, Belk was always a quality store. I didn’t know that the family had cashed out either.