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Add Belk to Department Store Retailers Filing Chapter 11 in Pandemic

Agreement With Creditors Aims To Cut $450 Million in Debt; 300 Stores To Remain Open
Belk began as a family business in 1888 and was operated by three generations of the family until 2015. (Belk)
Belk began as a family business in 1888 and was operated by three generations of the family until 2015. (Belk)
By Jennifer Waters
CoStar News
January 27, 2021 | 4:18 P.M.

Belk has turned to Chapter 11 bankruptcy protection as the latest shopping center and mall tenant to seek financial help because of the sales challenges that have been exacerbated by the pandemic.

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