December 10, 2016 5:00 PM ET

Multiline Retail

Company Overview of Belk Inc.

Company Overview

Belk, Inc., together with its subsidiaries, owns and operates department stores in the United States. Its stores offer fashion apparel, shoes, and accessories for women, men, and children; sportswear for men; and cosmetics, home furnishings, house wares, fine jewelry, gifts, and other merchandise. The company also provides various products under private label brands. Belk, Inc. sells its products through its Website, belk.com, as well as offers equipment maintenance services to third parties. As of July 23, 2015, it operated 300 stores in 16 states. Belk, Inc. was founded in 1888 and is headquartered in Charlotte, North Carolina. As of December 10, 2015, Belk Inc. was taken private.

2801 West Tyvola Road

Charlotte, NC 28217

United States

Founded in 1888

24,350 Employees

Phone:

704-357-1000

Key Executives for Belk Inc.

Chief Executive Officer
Age: 56
President, Chief Operating Officer, Director and Member of Executive Committee
Age: 57
President and Chief Merchandising Officer
Age: 60
Chief Financial Officer and Executive Vice President of Human Resources
Age: 51
Executive Vice President, General Counsel and Secretary
Age: 62
Compensation as of Fiscal Year 2016.

Belk Inc. Key Developments

Belk Lay Off 40 Employees

Belk has laid off about 40 employees at its headquarters on Tyvola Road.

Belk to Layoff 52 and Close Roosevelt Boulevard Location in Jacksonville; Announces Executive Changes

The Belk department store at Roosevelt Square shopping center will be closing and laying off 52 employees at the end of the 2016. The layoffs will begin on Dec. 30 and continue through Jan. 15. The department store chain announced at the end of June that longtime CEO Tim Belk would step down as the chief executive. Lisa Harper, who previously served as CEO at Hot Topic Inc., will succeed Belk.

Belk Inc. Announces Executive Changes, Effective July 5, 2016

The board of directors of Belk Inc. announced that Tim Belk will retire as chief executive officer of the company in July 2016. He will continue to serve on the Belk board. Lisa Harper, who previously served as chief executive officer of Hot Topic Inc., will succeed Tim Belk as CEO, effective July 5, 2016. Harper served as CEO of Hot Topic from March 2011 until June 2016. She will continue to serve on the Hot Topic board of directors, which she joined in June 2008.

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