Department store operator Belk has announced that it completed a deleveraging transaction with its first- and second-lien lenders and equity sponsor Sycamore Partners. This move has reduced the company’s outstanding debt by more than $950 million, amended its existing...
Warehouse clubs dominated the American Customer Satisfaction Index among general merchandise retailers, but Macy’s and Target were also among the leaders. Costco and Macy’s led all others with a satisfaction score of 82 with Target and Sam’s Club just behind at...
Exclusive discounts on many of Belk’s top national brands await customers at the company’s second Charity Sale of the year. In the sales event, running from Friday, November 3 through Sunday, November 5, at all store locations, excluding outlet stores, Belk...
As it continues growing in the state, Conn’s HomePlus adds three new Georgia locations, all in metro Atlanta. The stores will open in the communities of Newnan, Stone Mountain and Douglasville. The latest Georgia openings bring Conn’s store total to six in the...
After the departure of its former CEO, Belk has named MaryAnne Morin as president and chief merchandising officer. She will lead the company’s merchandising, planning and private brands teams. Morin’s retail career has extended through three decades, Belk noted....
