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57-506: The mall opened in 1987 as "Cranberry Mall". The original anchors were Leggett (now Belk ), Caldor , Montgomery Ward (now Boscov's ) and Sears , which opened on a site originally planned for Hutzler's before that chain went bankrupt. Montgomery Ward opened in 1990. After closing in 2001, Montgomery Ward became Boscov's, while Caldor closed in 1999 and later became the first Steve & Barry's store in Maryland. After this store closed,

114-406: A coffee shop that had changed names a few times over the past two years Mugshots, Black and White, Coffee Shop. Many of the closed store's spaces remain vacant or house temporary seasonal clientele. On June 23, 2017, Gold's Gym announced it would be closing as a result of an inability of not coming to terms of leasing. Later in the year, THE GYM opened up in that space. In early December 2017, it

171-519: A division of Federated Department Stores ; the stores were rebranded as Dillard's in 1972. In 1974, five Leonard's stores were acquired in Fort Worth , and a commitment to open a new downtown Fort Worth store at the Tandy Center , the site of the original Leonard's. Also in 1974, the former Brown-Dunkin, Blass, Pfeifer and Mayer & Schmidt stores were fully renamed Dillard's. In the 1980s,

228-929: A former Lord & Taylor store at Oak Court Mall in Memphis, Tennessee and three Belk-Lindsey stores in Florida (Gulf View, DeSoto, and Eastlake). Except for two Belk of Columbia stores that were acquired in 1995, acquisitions were eschewed for a couple of years until early 1997 with the purchase of 15 stores—10 Mervyn's boxes in Florida and five southern Virginia stores from Proffitt's that were acquired from Hess's in 1993. The Mervyn's deal included five purchased from Lord & Taylor in 1991: Cutler Ridge Mall (1982), Coral Square (1984), Miami International Mall , Boynton Beach Mall (both 1985), and Treasure Coast Square (1987). Three additional stores were acquired from Jordan Marsh in 1992: Pompano Fashion Square (1970), Broward Mall (1978), and Melbourne Square (1983), and

285-466: 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. In July 2020, it

342-575: A population of less than 1,500. 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. The same year, Belk made a deal to acquire seven Dillard's locations in exchange for nine of theirs so that each could build on regional strengths. Slowly, Belk eliminated

399-414: A relatively unusual practice . 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

456-522: A variation of the old logo. By 2014, the chain operated 293 stores in 16 states, generating $ 4 billion in sales in 2014. The state of North Carolina leads in the number of Belk stores with 65 stores followed by Georgia and South Carolina with 45 and 35 stores respectively. 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 retail parks , and 10% in open-air lifestyle centers . On April 3, 2015, news reports revealed that Belk

513-599: A wider array of merchandise and services including in-store salons. As of 2014, the chain claimed 18 flagship locations, and plans to upgrade more locations. Dillard%27s Dillard's, Inc. is an American department store chain with approximately 267 stores in 29 states and headquartered in Little Rock, Arkansas . Currently, the largest number of stores are located in Texas with 57 and Florida with 42. The company also has stores in 27 more states; however, it

570-704: Is absent from the Northeast ( Washington, D.C. , and northward), most of the Upper Midwest (particularly Michigan , Wisconsin , and Minnesota ), and most of the West Coast , aside from three stores in California . Dillard's is the outgrowth of a department store founded in 1938 by William T. Dillard ; its corporate headquarters remain located at the eastern edge of Little Rock 's Riverdale area and many of its executives and directors are members of

627-616: Is an American department store chain founded in 1888 by William Henry Belk in Monroe, North Carolina , with nearly 300 locations in 16 states. Belk stores and Belk.com offer apparel, shoes, accessories, cosmetics, home furnishings, and a wedding registry. 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 John Belk, his partner. Belk bought in volume to pass savings on and sold at fixed prices, then

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684-611: Is an easy way to buy all of the brand-specific items at a cheaper, more economical price. The hours may vary a little bit by store or holiday; however, the generic hours of a Clearance Center are Tuesday through Saturday from 12 pm to 7 pm and Sunday from 12 pm to 6 pm. On Mondays, the Clearance Centers are closed for the restocking of the Clearance items. On a week-to-week basis, each Dillard's Clearance Center receives further markdowns by each department; older merchandise

741-524: Is another Sycamore Partners-owned company), 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. 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

798-518: The News & Observer reported that Belk planned to update its logo. 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. Advertisements for Belk & Co. jewelry continue to use

855-603: The American Stock Exchange . The chain then expanded rapidly as an anchor in suburban shopping malls , and took advantage of market conditions to acquire smaller chains and its ability to turn around locations that other companies could not operate profitably. Expansion of the Dillard's chain increased rapidly during the 1970s, mainly through expanding into new malls being built in smaller cities in Texas . In 1971, five Texas units were acquired from Fedway,

912-671: The Atlantic Coast Conference (ACC), beginning in 2014. Under the agreement, the bowl featured teams from the ACC and the Southeastern Conference (SEC). On November 20, 2019, Belk announced that it would no longer be the title sponsor for the bowl game following the 2019 playing. Overall, Belk was the title sponsor for nine editions of the bowl (2011–2019). The chain has multiple "flagship" locations—larger locations in urban and metropolitan centers, and

969-588: The 318 stores. Also in 2008, stores opened at both The Shops at Wiregrass and Pier Park in Florida . Dillard's also announced that it had completed a transaction to acquire the remaining fifty percent (50%) interest in CDI Contractors, LLC and CDI Contractors, Inc., which it did not already own. In late 2018, Dillard's announced a location would open in fall 2019 in Sioux Falls, South Dakota , at

1026-637: The 49,000,000 square feet (4,600,000 m ) it used for its business and retail operations. In March 2020, Dillard's attracted note in the press for keeping many of its 290 stores open during the coronavirus pandemic, with Dillard's stating "we are open with limited hours where not ordered to close by state or local government mandate." In April 2020, Dillard's closed around 200 out of its 285 stores in response to COVID-19. Its online store remained open. In May 2020, Dillard's had reopened all but two of its locations in Tampa Bay , according to its website at

1083-807: 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

1140-692: The Belk-Jones brand continued to grow Belk's westward expansion. This complex story is chronicled in a book published by Belk – Belk, Inc.: The Company and the Family That Built It – 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

1197-604: The Dillard family. The family retains control of the company through its ownership of Class B Common Stock; the Class A common stock is publicly traded on the New York Stock Exchange . Dillard began his first store in Mineral Springs, Arkansas , in what was locally known as "the tater house". It was located across the street from the community's Methodist church. The building that housed the original store

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1254-722: The East Coast region, at 260,000 square feet (24,000 m ), was located in the MacArthur Center in downtown Norfolk, Virginia , closed in 2023. It announced construction of a new "flagship" store in Lubbock, TX on Nov 15th, 2022. This store will be 220,000 sq ft. The home store for the chain is in Little Rock ; the divided store is located in the trend-conscious Park Plaza Mall , one of the city's oldest continuously operating shopping centers in its midtown section. As of April 2020, Dillard's operated 28 clearance stores in

1311-582: 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. In April 1997 Belk closed its smallest store located in the smallest town with a Belk—Chesterfield, South Carolina—with

1368-483: The United States. Dillard's Clearance Centers occupy 26 mall spaces throughout multiple states for the clearance stock of clothing from prior seasons. They are usually located within lower-income areas as the no longer high priced items are not as covetable for the general clientele Dillard's procures. The 265 regular department stores ship the clearance clothing at already 65% off to these Clearance Centers where

1425-973: The acquisition of Mercantile, Dillard's ceased expanding through acquisitions, although eight locations of the defunct Montgomery Ward in the Midwest, and four locations from ZCMI in Utah and Idaho were acquired in 2001, when stores opened at Chandler Fashion Center in Chandler, Arizona, The Mall at Stonecrest in Lithonia, Georgia , The Mall at Wellington Green in Wellington, Florida , International Plaza and Bay Street in Tampa, Florida , and The Shops at Willow Bend in Plano, Texas . In 2004, Dillard's store credit card operation, operated as Dillard's National Bank,

1482-643: 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. Belk's growth out of the Southeast was pushed by Earl Jones Sr and the Belk-Jones brand that opened the first Belk west of the Mississippi in 1947. The Jones family and

1539-493: The clothing is then marked down further to liquidate the heaps of clothing and shoes. The Clearance Centers rival that of a Marshalls or TJ Maxx with unknown sizes or quantities of a specific item. However, all the clothing at Dillard's Clearance Centers are direct from the normal Dillard's Department Stores close to and surrounding the one outlet. The goods that are sent to these stores are including, but not limited to: overstocked, offseason, didn't sell well, or damaged. This

1596-788: The company announced that it had successfully completed its financial restructuring, finalizing an expedited pre-packaged, one-day reorganization and emerging well-positioned for long-term growth. As part of the restructuring, Belk received $ 225 million of new capital, reduced its debt by approximately $ 450 million, and extended maturities on all term loans until July 2025. The plan received nearly unanimous support from existing lenders, supply providers, and landlords to be paid in full as normal operations continue at all store locations. as well as on Belk's e-commerce platform. On July 6, 2021, Belk announced that Nir Patel has been promoted to CEO from his previous position of president and chief merchandising officer . Patel replaces Lisa Harper who has been

1653-708: The company purchased many local chains. In 1982, Dillard's leased three units of the defunct Lowenstein's chain in Memphis, Tennessee . In early 1984, Dillard's acquired 12 Stix, Baer & Fuller stores in St. Louis and Kansas City from Associated Dry Goods Corp. In fall 1984, two department store divisions were purchased from Dayton-Hudson Corporation : Diamond's and John A. Brown , with locations in Arizona , Nevada and Oklahoma . Twelve stores in Kansas and Missouri belonging to R. H. Macy & Co. 's Midwest Division, which

1710-475: The company released its second quarter report. It did not release "store comps relative to pandemic-dominated 2020; comparable store retail sales compared to 2019 rose 14%." After an $ 8.6 million net loss in August 2020, the company noted that it instead had made a net income in August 2021 of $ 185.7 million. For 2023 (for the 53 weeks ending 3 February 2024), Dillard's net income was $ 738.8 million. Net sales for

1767-515: The company's CEO since July 2016, but will now serve as executive chair of the Belk Board of Directors. It was not disclosed what prompted the leadership change. Along with the CEO change, Belk also announced that Don Hendricks will be promoted from Chief Operating Officer to president. The company also hired Chris Kolbe as EVP, Chief Merchandising Officer. In May 2023, it was reported that Belk

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1824-561: 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 downgraded the 39 Proffitt's and McRae's stores to the Belk nameplate on March 8, 2006. Just over a year later, Belk purchased 38 Parisian department stores from Saks on October 2, 2006. Although most Parisian stores were downgraded to

1881-506: The end of February 2021. Sycamore would retain majority control of Belk, while private equity firms KKR and Blackstone would receive a minority stake in the company following its emergence from bankruptcy. The plan would liquidate about $ 450 million of debt and raise $ 225 million in new capital, with no employee layoffs or store closures anticipated. On February 23, 2021, it was announced that Belk had filed Chapter 11 bankruptcy in Houston ,

1938-453: The first step in an organization plan that would allow Belk's owner Sycamore Partners to cede a large stake in the company to its lenders while maintaining control of the company. If the bankruptcy plan were approved it would give Belk new capital while cutting its debt load by about $ 450 million, reducing its total debt to about $ 1.46 billion, according to the company. On February 24, 2021, just one day after filing for Chapter 11 Bankruptcy

1995-666: The former Selber Bros. clothing department store chain, founded in 1907 in Shreveport , Louisiana, which also had a few locations in Texas. In 1988, Dillard's purchased the three-unit Miller & Paine chain in Lincoln , Nebraska , as well as more significantly, a half-interest and operational control of The Higbee Co. , based in Cleveland, Ohio , with partner Edward J. DeBartolo Corp. D. H. Holmes Co., Ltd., of New Orleans,

2052-626: The former Mercantile Stores to May Department Stores Co. and Saks Incorporated and traded an additional seven stores to Belk for nine of theirs in southern Virginia and Chattanooga, Tennessee . Overall this deal enabled Dillard's to enhance its position in several markets in the South, Midwest and Mountain states. Also in 1998, the chain entered California , opening its first store in a former Weinstock's at Weberstown Mall in Stockton, California . In 1999, Dillard's opened stores at Mall of Georgia and Arbor Place Mall near Atlanta . After

2109-498: The larger, more upscale Parisian stores proved a challenge for Belk, and spurred the creation of the company's flagship strategy. During the fourth quarter of 2005, Belk completed the sale of its private-label credit card division, Belk National Bank, to GE MoneyBank, a division of GE Consumer Finance . Consumers were issued new Belk credit cards replacing the old ones issued by BNB. All new Belk cards are now issued by GE MoneyBank, now known as Synchrony Bank . On October 3, 2010,

2166-794: The largest Dillard's store at 365,000 square feet (33,900 m ) is located at Scottsdale Fashion Square , an enclosed super-regional mall in Scottsdale, Arizona . Within the Dallas/Fort Worth area, the chain has two flagship stores with a 299,000-square-foot (27,800 m ) store at the Northpark Center in Dallas and a 310,000-square-foot (29,000 m ) store at the North East Mall in Hurst . Its flagship store in

2223-459: The location at The Galleria (1986) was not affected. The deal-making culminated with the purchase of Mercantile Stores Co., Inc., in 1998. The purchase of this Fairfield, Ohio-based department store company brought several chains, including Bacon's , Castner Knott , de Lendrecie's , Gayfers , Glass Block, Hennessy's , J.B. White , Joslins , Lion Store , Maison Blanche , McAlpin's , Root's and The Jones Store . Dillard's sold 26 stores of

2280-636: The remaining interest in the Higbee's stores was acquired, as well as five Ohio stores from Horne's (as part of a legal settlement, Dillard's having canceled a 1988 deal to acquire the chain). Also in 1992, three stores from the Hess's chain liquidation (five other former Hess's were acquired in 1994), two E. M. Scarbrough 's locations in Austin, Texas , two Thalhimer's in South Carolina and Tennessee,

2337-488: The remaining two at Lakeland Square Mall (1986) and Pembroke Lakes Mall (1992). The Proffitt's conversion gave them two that were also taken over from Rices Nachmans in 1985 at Coliseum Mall (1973) and Pembroke Mall (1981), and three newly built stores Patrick Henry Mall , Greenbrier Mall (both 1987), and Chesapeake Square (1988). Three suburban Macy's stores in Houston at Willowbrook Mall , Deerbrook Mall (both 1984), and Baybrook Mall (1985) were absorbed while

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2394-899: The same period were $ 6.75 billion. Operating expenses to 3 February 2024 were $ 1.77 billion. In March of 2024, Dillard’s opened their first location in the upper midwest in Sioux Falls, South Dakota, in the Empire Mall. In 2024, the company introduced "The Coterie Shop" a concept of online and conventional special occasion and casual clothing shops from Abbey Glass, Buru, Crosby by Mollie Burch and Fanm Mon. The Coterie Shop will be featured in Alabama , Arkansas , Arizona , Florida , Georgia , Kentucky , Louisiana , North Carolina , Oklahoma , South Carolina , Tennessee and Texas . The chain continues to expand and has recently added stores in non-traditional mall shopping centers. Currently,

2451-665: The second locations being converted to a separate, expanded home and men's stores, a format that Dillard's utilized greatly, both to grow its store size cost-effectively and to prevent competitors from gaining valuable real estate. Additionally, the Joske's acquisition gave Dillard's entry into the Houston market. That same year, Dillard's co-founded CDI Contractors, a construction company that would help build, remodel, and repair most of its locations, with William "Bill" Clark and Braggs Electric Construction Company. Dillard's in 1988 acquired

2508-557: The site of the former Younkers in Empire Mall . By August 2020, it had not yet opened. In September 2019, Dillard's remained headquartered in Arkansas, with 260 "full-line" stores and 29 clearance centers. It had locations mostly in the South and Southwest of the United States, in 29 states overall. The company was also a significant owner of property in the United States, and it owned 44,300,000 square feet (4,120,000 m ) of

2565-604: The space was split in 2010 between Dick's Sporting Goods , Gold's Gym and Paradise of Fun (now Fun and Fit Factory). It is the only mall to have both northeastern chain Boscov's and southern chain Belk together in the same mall. The Boscov's store has the only escalators in Carroll County. As of December 2015, there have been a number of closings, including Shenk&Title, The Dress Barn, Super Buffet, Radio Shack, Bon Worth, Hurricane Racing, Deb, Things Remembered, KFC, and

2622-471: 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

2679-415: The time. That week, management and Dillard's CEO, William Dillard II, informed its annual meeting that the company's first quarter had been the worst in its history, due to the coronavirus, saying Dillard's business had become "total chaos" by the end of April as a result. At the time, Dillard's had 257 department stores, and 28 clearance stores, and had reopened stores in 21 states or more. In August 2021,

2736-455: Was announced that KKR and other major lenders were in talks with Belk to prevent the chain from declaring bankruptcy, having proposed a deal under which a portion of Belk's $ 2.6 billion debt would be converted to equity and Sycamore would retain an ownership stake. On January 26, 2021, it was announced that Belk would file for Chapter 11 bankruptcy, continuing to operate normally through the bankruptcy process, which Sycamore expected to exit by

2793-477: Was announced that Sycamore Partners had made a $ 1.75 billion offer to acquire department store chain and competitor JCPenney out of bankruptcy. Under the terms of the plan, two hundred fifty JCPenney stores would have been rebranded as Belk in an effort to compete directly with Macy's, while the remaining JCPenney stores would be liquidated. JCPenney was ultimately acquired by Brookfield Property Partners and Simon Property Group instead. On January 20, 2021, it

2850-464: Was announced that the mall had been sold to Westminster Mall, LLC. On October 15, 2018, it was announced the Sears store would be closing as part of a plan to close 142 stores nationwide as a result of filing for Chapter 11 bankruptcy. The store closed on January 6, 2019. In 2021, Books-a-Million, FYE, and Yankee Candle are among the longtime tenants to close their doors. Belk Belk, Inc.

2907-534: Was expanding a new store format, Belk Outlet. There were 16 locations, 10 of which had just recently opened. In December 2010, Belk announced that it would become the title sponsor for the former Meineke Car Care Bowl (played in Charlotte), renamed as the Belk Bowl beginning in 2011. The sponsorship would continue for three years. On July 18, 2013, Belk announced a six-year extension of the bowl partnership with

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2964-404: Was exploring "strategic alternatives," including a possible sale of the company. 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 . The acquisition was completed on December 10, 2015. On June 29, 2016, Belk announced that effective as of July 5, Lisa Harper, CEO of Hot Topic (which

3021-795: Was later dissolved in 2006, were acquired in early 1986, while the three-unit Hemphill-Wells company in West Texas was purchased in the summer. The stores at Sunset Mall in San Angelo and South Plains Mall in Lubbock were both converted, and the third in downtown Lubbock was closed. In 1987, Dillard's purchased 26 of Joske's 27 stores in Texas and Arizona and the four-unit Cain-Sloan chain in Nashville, Tennessee , from Allied Stores Corp. This deal gave Dillard's two major anchor locations at several malls in Texas and Arizona with many of

3078-701: Was purchased in 1989, bringing 18 units primarily in Louisiana, as well two former Diamond's units in Tucson, Arizona . The Ivey's chain of 23 stores in Florida, North Carolina and South Carolina was acquired from BATUS in 1990. This was followed by Maison Blanche selling eight stores on Florida's Gulf Coast to them in 1991. The locations were at Tyrone Square Mall (1973), University Square Mall , WestShore Plaza (both 1974), Countryside Mall (1976), Southgate Plaza (1978), Edison Mall , Coastland Center (both 1985), and Lakeland Square Mall (1988). In 1992,

3135-704: Was replaced with a mall-based location south of downtown Tyler. In 1960, Dillard acquired and turned around the failing Brown-Dunkin store in Tulsa, Oklahoma . The success of this turnaround was followed in late 1963 by acquiring the Joseph Pfeifer store in Little Rock, Arkansas , and in early 1964 acquiring the other main store in Little Rock, Gus Blass Co. Dillard used this as an opportunity to relocate his headquarters to Little Rock. In 1969, Dillard and his investors took Dillard Department Stores, Inc., public on

3192-565: Was sold to GE Money Bank . Customers can now be issued Dillard's/American Express cards as well as the traditional Dillard's store charge cards. These cards can be used at any store that accepts the American Express brand. In 2005, Dillard's opened stores at Perimeter Mall and Atlantic Station in Atlanta , Georgia as well as St. Johns Town Center in Jacksonville, Florida . In 2008, Dillard's closed their travel agency, Dillard's Travel, alongside all in-store locations due to economic conditions. Dillard's Travel previously operated in 43 of

3249-415: Was torn down in the early 2000s. Dillard sold the original five and dime store in Nashville, Arkansas , to develop a department store in Texarkana, Arkansas , initially as the minority partner in Wooten & Dillard. In 1956, Dillard led an investment group that acquired the Mayer & Schmidt store in Tyler, Texas . This store eventually took on the name "Dillard's Mayer & Schmidt" until 1974, when it

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