Jeremy Hunt is mocked over toe-curling 'inflation explainer' video by ordering Aldi and Lidl shoppers face highest inflation hikes: Cost of basic groceries rise by more than 20% at the Is inflation FINALLY on the way down? [28] Along with the CEO change, Belk also announced that Don Hendricks will be promoted from Chief Operating Officer to president. His grandson James (left) Kennedy was CEO from 1988 to 2008 and now serves as chairman, Hotel magnate and 8th wealthiest family: Abram Nicholas Pritzker, entrepreneur and real estate dealer who built the Hyatt Hotel chain, is seen in this August 1983 photo. In 1840 there were 5 Belk families living in Georgia. "Belk Inc (Belk, Inc) - Charlotte, North Carolina (NC) | Company Profile", "Hudson role appears vital to Belk future", "Belk to sell credit-card business to GE", "NC-based Belk department stores get new logo", "Form 10-K Annual Report, Fiscal Year 2014", "Belk exploring possibility of selling company", "Sycamore Partners Completes Acquisition Of Belk, Inc", "Tim Belk To Step Down As Belk CEO, Hot Topic's Lisa Harper To Step In", "Private-equity firm Sycamore poised to buy J.C. Penney, merge it with North Carolina chain Belks; Penney brand likely to vanish", "The New York Times: J.C. Penney to sell retail business to Simon Property Group and Brookfield Property Partners", "Belk's top lenders, including KKR, looking to avoid taking department store through bankruptcy, WSJ says", "Belk to file bankruptcy. About Belk family The South's first family of retail - the Belk family - is considering selling its department store chain, a transaction that would mark the end of a 127-year run. Meat processing, Fairmont, MN156 Toll family, $1.3 B, Two, Homebuilding, Horsham, PA164 Dedman family, $1.2 B, Three, Country clubs, Dallas, TX164 Hixon family, $1.2 B, 100 (EST.) The alignment of our professional team, investors, board members and founding family clients creates a strong foundation for the firm, adds Strayhorn, who is the CEO. In July 2020, it was announced that Sycamore Partners had made a $1.75 billion offer to acquire department store chain and competitor JCPenney out of bankruptcy. The Grammy winner was born in Mississippi in December 1981 to father. All Rights Reserved. Who is Tim Belk: Tim Belk is a famous Major League baseball player. If you don't take care of this generation, the next one won't be worth shooting. Thomas's present occupation is listed as a . The chain has multiple "flagship" locationslarger locations in urban and metropolitan centers,[32] and a wider array of merchandise and services including in-store salons. When you are new, you cant offer poor-quality product, Katherine Belk says. Bean, Freeport, ME124 Bucksbaum family, $1.8 B, 12 (EST.) 8. Forty-five miles south of downtown Charlotte, the same family that filled generations of North Carolinians closets with garments is slowly working its way into Tar Heel kitchens, one head of broccoli at a time. He died in 2010 and left his $10 billion fortune to his four children in equal shares. He is from VA. We have estimated Rocky Belk's net worth , money, salary, income, and assets. Its an example of small-scale businesses that are innovating to meet community needs, says Robyn Stout, who coordinates the NC 10% Campaign. Rocky Belk's income source is mostly from being a successful Player. Salary in 2022. They are now worth at least double that. Contents 1 History 1.1 Early history 1.2 1990s 1.3 2000s 1.4 2010s Here is the release date for Attack on Titan final season, season 4, Part 3. David Mildenberg is editor of Business North Carolina. Altogether the family is worth $35 billion. Senior Associate at South Summit Capital Management, LLC & the John M. Belk Endowment Charlotte Metro. The department-store sector is terrible. Sam, the youngest son of Sam Walton is worth $34.7 billion, Rob, who is the chairman of Wal-Mart is worth, $34.2 billion and their sister Alice is worth $33.9 billion. Sixty stores got new signs in the first phase, with the remainder getting new signs throughout 2011. [30] Overall, Belk was the title sponsor for nine editions of the bowl (20112019).[31]. The goal is to promote healthier diets and lifestyles and a renewed respect for land. Insurance, Mayfield Village, OH156 Rosen family, $1.3 B, Five (EST.) ), Realestate, Banking, Sports, Minneapolis, MN71 Gund family, $3.5 B, 15 (EST. Pritzker family $29 billion hotels and investments, Both, 9.S.C. - Dearborn, MI115 Perdue family, $2 B, Four EST.) Board members for the company include Raleigh retail-chain owner Art Pope and former N.C. State Treasurer Janet Cowell. Slowly, Belk eliminated the dual brands, completing the process with a chain-wide Belk rebranding in the fall of 2010. [7] 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. The family owns 70% of the company. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. He always sets a deadline, and then we work on it. Last year, for example, Matthews-based Family Dollar sold itself to Virginia-based Dollar Tree for about $9.1 billion. Famously known by the Family name Anthony Lovett "Rocky" Belk, was a great football player. On Buzzlearn.com, Tim is listed as a successful Baseball Player who was born in the year of 1970.He is also ranked in the richest person list from United States. The coronavirus is sparking incredible growth and interest in the demand for local food across the state, Creamer says. He was born on June 12, 1977 and his birthplace is England. This was about 17% of all the recorded Belk's in USA. The first year was the hardest, like any small business. He is from British. 7th wealthiest family: James M. Cox (right) purchased the Dayton Evening News in 1898. The Belk family stuck to it, and as a result, could afford to regularly buy failing, indebted rivals for pennies on the dollar. Net Worth: $38 Billion The Reimann family is the group behind JAB Holding Company, which is a private German conglomerate that is headquartered in Luxemburg, and it includes investments in a different company. 5.1 Mary Gardner Belk's Average Monthly Income; 5.2 Mary Gardner Belk'sAverage Monthly Expenses; 5.3 Liabilities & Debits: 6 Secret Information about Mary Gardner Belk. This move accelerated the slow trend of consolidating the store's ownership under the Belks.[6]. America's Richest Families combines the collective wealth of generations of each family, which can range from the just two brothers to the 3,500 members of the Du Pont banking family. But an $8 million gift from the families of the late Claudia Belk and the late John M. Belk, and Katherine Belk and the late Thomas M. Belk, to support the renovation of the Carolina Theatre ensured that historic landmark would be restored. Mr. Belk introduced some radically new retailing ideas for those times: A. Belk stores and Belk.com offer apparel, shoes, accessories, cosmetics, home furnishings, and wedding registry. Pamela has many family members and associates who include Sabrina Belk, Michael Belk, Johanna Belk, Brad Belk and Pamela Schriner. The company owns 290 stores, located primarily in the southeastern U.S. and sells. Today, 70 members of the Coors family share their $2.9 billion beer fortune. The family became entwined with Charlotte, North Carolina, where the headquarters lies, when John Belk, son of founder William and onetime CEO, became mayor in 1969, a position he held for four terms. - Tyler, TX179 Cadieux family, $1 B, Four (EST.) On July 6, 2021, Belk announced that Nir Patel has been promoted to CEO from his previous position of President and chief merchandising officer. Russell W. Belk Net Worth his net worth has been growing significantly in 2021-2022. It becomes part of the culture that people identify with.. Forbes says Goodnight co-founded SAS in 1976 with John Sall, who he met while a PhD student at North. Its always challenging, but its rewarding., Copyright 2022 Business North Carolina. When Belk announced its impending bankruptcy filing last Tuesday, the retailer stated that it would continue with normal operations. However, Belk is not a normal department store. 3: The Mars family gets its wealth from Mars, the largest candy company in the world. Southern. Real estate, New York, NY115 Rogers family, $2 B, Two (EST. Innovative Ideas 1. Over the last five or seven years, the number of [community supported agriculture models] has declined in North Carolina, because its become easier to find fresh foods without having to subscribe, she says. But results from Boot Barn serve as a reminder that the struggling apparel industry may have no one but itself to blame first. Local food has been a big deal in North Carolina for a long time, reflecting its status as an important agriculture state. ONLY worth $10 billion now: Once the richest family on earth the heirs of (from left) Laurance Rockefeller, Abby Rockefeller, John D. Rockefeller III, Abby Aldrich Rockefeller, David Rockefeller, Winthrop Rockefeller, Industrialist John D. Rockefeller Jnr., Nelson Rockfeller are now the 24th richest family in America, Just make the list: Kennedy family members Rep. Patrick J. Kennedy (D-RI), Sergeant Shriver, Jean Kennedy Smith, Eunice Shriver, Victoria Kennedy, Sen. Edward Kennedy (D-MA), and Kara Kennedy pictured in 2006. Boy, 15, is convicted of murdering software engineer who was stabbed in the chest after a row at an Asda Grandson of legendary circus showman Billy Smart racked up 9million in debt and had to sleep in his car Money saving guru Martin Lewis reveals easy FIRST step to clearing thousands of pounds in debt. John Belk was a former Charlotte mayor who led Belk Store Services for many years, while Claudia Belk was a local district court judge. A strong local farm economy takes the education of consumers and a buy-in from institutions and businesses so that food can be made available to a wide variety of people, Dankbar says. ), Beer, Golden, CO81 Ueltschi family, $2.9 B, 20 (EST. Forbes differentiated this list from their more famous Forbes 400 of America's richest, which like their World Billionaires list, focuses on individual wealth. In 2007, Belk operated 311 stores. Only a few Maryland department stores have resumed operations since the COVID-19 closures. This series, part of Record Group 389, has information about U.S. military officers and soldiers and U.S. civilians and some Allied civilians who were prisoners of war and internees. Its also inspiring to nascent baby boomer farmers like Tim. This would be the first time since the founding of the company that a non-Belk family member would head the company.[17]. Don't wait until you're dead and gone. Chocolate, KansasCity, MO130 Mark Davis family, $1.7 B, Seven (EST.) Russell W.'s income mostly comes from and basic source is being a successful American researcher. His aunt, Sarah Belk Gambrell, who turned 101 in April, controlled 25%, including various family trusts. This information is from a defunct Bell Family Web Site that contains descendancy charts for several Tennessee surnames. Interestingly, Forbes found that having a larger number of billionaire families than other states does not necessarily mean more combined wealth from them. Charles and David each own 42 percent of the conglomerate. Amocooil, Baltimore, MD108 Boyle family, $2.1 B, Three, Columbia Sportswear, Portland, OR108 Epprecht family, $2.1 B, 15 (EST.) Her business, which has no outside investors, has 12,000 subscribers in the Triangle, Triad, Charlotte and Wilmington after adding 1,200 since the pandemic emerged. 121, the Levines have a net worth of $1.9 billion, according to Forbes ' analysis. ), Banking, Pittsburgh, PA20 Brown family, $11.6 B, 25 (EST.). Competitors have been beset by the growth in e-commerce, as well as by changing customer habits. ), The Kraken COVID variant is in Charlotte. Having a small commercial bank gives New Republic broader opportunities, Strayhorn says. John M. Belk Net Worth is $14 Million John M. Belk Bio/Wiki, Net Worth, Married 2018 John Montgomery Belk (March 29, 1920 - August 17, 2007) was head of the Belk, Inc. department store chain and mayor of Charlotte, North Carolina for four terms (1969-1977). The Belks are joining at an interesting time for Charlottes local food ecosystem. Experts say streaming giant will drop star when his http://www.forbes.com/sites/luisakroll/2014/07/08/americas-richest-families-185-clans-with-billion-dollar-fortunes/, Do not sell or share my personal information. Koch family $89 billion - diversified, Republican, 3. 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. No suitors have officially come forward to bid on the publicly-traded department store chain, which has $4 billion in revenues and more than 300 stores. But once they reopened they were greeted by shoppers who were eager to return. 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. Sporting goods retailer, Katy,TX100 Jackson family, $2.3 B, Seven (EST.) 1 spot until he retired in 2004, and Tim Belk, his nephew, took over. The business grew steadily, relying on "bargain sales" and advertising to grow the business and increase its influence throughout the South. On Wednesday, Belk said the companys growth strategy remains unchanged: It will always prune the under-performing stores, and will work to increase market share and open up a few stores in contiguous markets.. Are Triple Digit Oil Prices In Your Future? Belk was founded in 1888 by William Henry Belk in Monroe, North Carolina, outside Charlotte. Technology companies Greenwich, CT170 Herschend family, $1.1 B, 34 (EST.) Tim Belk clearly sold at the right time. About 19% of N.C. adults report a poor health status, versus 18% nationally. He was born on June 20, 1960, in Alexandria, Virginia.Alexandria is a beautiful and populous city located in Alexandria, Virginia United States of America. Paul Adam Belk Net Worth & Basic source of earning is being a successful British Athlete. ), Newspapers, Cincinnati, OH35 Crown family, $7.3 B, Three (EST. Mr. Belk owns over 5,000 units of Bassett Furniture Industries stock worth over $650,290 and over the last 6 years he sold BSET stock worth over $0. Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares. German-born Adolphus Busch began brewing Budweiser in 1876 and the family are now worth $13 billion through the huge popularity of their brew. Cameron Harris: Charlotte businessman, about 1.3 percent. [12] On October 12 at SouthPark Mall, Belk introduced the new logo, its first since 1967. Real estateChicago,IL124 Fasken family, $1.8 B, Four, Oil, Midland, TX124 Fisher family, $1.8 B, 17 (EST.) But in farming, you have to be very flexible and adapt yourself to the weather. We partnered with New Republic Partners because they expanded our capabilities in ways that other asset managers and advisors could not, Sam Bowles said in a release. All new Belk cards are now issued by GE MoneyBank, now known as Synchrony Bank.[11]. Vendors report they are being paid very slowly or not all and that Belk merchants are not responding to inquiries. Online Anonymous posters to online diaries & 2000- Sources include: diaryland.com, Diaries/ message boards 2004 opendiary.com, my-diary.org, pfft.com, Postings Males and Females diarist.net, mydeardiary.com, marketing (n=22) All ages science message board, various personal Any relationship status websites The state also has a new online platform, Tall Grass Food Box, to support black farmers in North Carolina by ordering boxes made up of produce from their operations. ), BerkshireHathaway, LosAngeles, CA81 Coors family, $2.9 B, 70 (EST. We want this to be a model of how you make this work to inspire other younger farmers, Klein says. ), Textiles, Apparel, Greensboro,NC51 Gore family, $5.3 B, 24 (EST. 6.1 Secrete of Her Success: 6.2 How She Increase Her Net Worth: 6.3 Mary Gardner Belk's Struggles: The Wild Hope folks view their farm as both a business and an educational opportunity. For example, the heirs of John G. Parks, majority owners of the Parks-Belk chain, sold their interests to Proffitt's, a competitor. Over the years, hes held a number of positions, including buyer, store manager, divisional merchandise manager for mens and boys, senior vice president of human resources, and president of stores and real estate. Katherine and her family want their farm to help expand the local food movement in the Charlotte area, which is catching up with more entrenched systems in the Triangle and Asheville. 1225 S. Caldwell St, Box D. Charlotte, N.C., 28203. . Here are the tycoons with the money and motive to put in a bid, and a few potential dark horses. ), Pilot training, Flushing, NY84 Bancroft family, $2.8 B, 30 (EST. Paul Adam Belk has a net worth of $5.00 million (Estimated) which he earned from his occupation as Athlete. A company employee since 1981, he had succeeded his uncle, former Charlotte Mayor John Belk, who was CEO for 50 years. By most measures compiled by the Kaiser Family Foundation, the states health checkup is mediocre at best, despite the abundant farming sector. Matthews-based Harris Teeter was acquired by Cincinnati-based Kroger Co. in 2014 for $2.5 billion. The company was founded in 1911 by their grandfather, Frank Mars, in Tacoma, Washington. The most Belk families were found in USA in 1880. We want to be financially sustainable, environmentally sustainable and socially sustainable, she says. That fortune shared between Randa Duncan Williams, Milane Frantz, Dannine Duncan Avara and Scott Duncan has now grown to $25 billion. , The Gap, SanFrancisco, CA23 Butt family, $10.1 B, Five, Supermarkets, SanAntonio,TX24 Rockefeller family, $10 B, 200 (EST. 2023 Forbes Media LLC. ), U-Haul, Phoenix, AZ39 Simon family, $6.8 B, Five, Shopping Malls, Indianapolis, IN41 LeFrak family, $6.5 B, Four (EST. Here are some examples of generative AI ChatGPT producing falsehoods in the outputted essays, which raises questions including whether we should be logging these. Today, the 69-year-old Johnny Harris is one of Charlotte's most dynamic leaders, playing a significant role in real estate, sports, and civic issues. Required fields are marked *. Restore radiance: This 8.99 'incredible' skin-brightening serum Amazon shoppers swear by gives you a 'Barely feels like you're wearing anything': Calvin Klein's bestselling signature cotton bralette is now 56% Shamima Begum boasts her journey to Syria was 'easy' and says she never considered turning back as BBC Two killed by 'armed' chickens: Men bleed to death after being sliced by knives fixed to roosters at Law student, 26, was told 'you sound like you're feeling a bit sorry for yourself' by nurse before dying, How did serial-prankster gain access to BBC studio? People Projects Discussions Surnames Harper will continue to serve on the Hot Topic board. Not all families vote strictly one way or the other 15 support candidates from both parties. 4 Mary Gardner Belk Family & Relatives; 5 Mary Gardner Belk Net Worth. Dairy products Seattle, WA179 Wake family, $1 B , 10 (EST.) Food distribution, Mt.Sterling, IL142 Dobson family, $1.5 B, Three, Whataburger, San Antonio, TX142 Farmer family, $1.5 B, 15, Cintas, Cincinnati, OH142 Merage brothers, $1.5 B, Two - Englewood, CO142 Pulitzer family, $1.5 B, 50 (EST.) Hes a project manager to the max, she says. According to the schedule posted on Twitch, he makes streaming a priority, as he takes his gaming sessions to the internet just about every day of the week. Land, citrus groves, Tampa, FL170 Mills family, $1.1 B, 25 (EST.) The Belks are still fixtures in the city. Newspaper, TVstations, SanFrancisco, CA97 Karfunkel family, $2.4 B, Five (EST) Insurance, Realestate, NewYork, NY97 Yates family, $2.4 B, 16, Oil, Artesia, NM100 Collier family, $2.3 B, 30 (EST.) In fact while California and Illinois have more families on the list, their combined fortunes trail Kansas, where the Koch family is located. She is succeeding Brendan Hoffman, who decided not to renew his three-year contract and was helpful in attracting Ms. Bufano to this new assignment. Macys, for example, recently reported its worst quarterly sales since the recession. However, that product line was discontinued in late 2009. Dairy, Le Sueur, MN130 Krehbiel family, $1.7 B, Three, Electronics, LakeForest, IL130 Lindner family, $1.7 B, Seven (EST.) John Belk d. in 1804 Lincoln Co., N.C. m. abt. Under Review. ), Mary Kay cosmetics, Addison, TX121 Elghanayan family, $1.9 B, Eight (EST. Its very early stage for organic local farms, but we are excited about working with others to make this work., In August 2015, when CEO Tim Belk announced the sale of the retail chain his family had owned for 127 years to New York private equity group Sycamore Partners, investment banker Howard Davidowitz didnt mince words. And fascinatingly, bringing politics into the matter is instructive as to who supports which of the two main parties. Rocky Belk Net Worth His net worth has been growing significantly in 2021-2022. Eight minutes of terror: Chilling CCTV captures 'Incel' gunman Jake Davison strolling along a Devon road Farmer, 71, who appeared on BBC documentary This Farming Life is killed by one of his own cows. Electronics, Pasadena, CA164 Shorenstein family, $1.2 B, Three, Real estate, San Francisco, CA164 Stayer family, $1.2 B, Nine, Sausage production, Sheboygan Falls, WI164 Stewart family, $1.2 B Three - Scottsdale, AZ164 Wood family, $1.2 B, 196, Wawa convenience stores, Media, PA170 Cabela family, $1.1 B, 11, Cabela's, Sidney, NE170 Carhartt family, $1.1 B - Work clothing, Dearborn, MI170 Graham family, $1.1 B, Five (EST.) He was born on April 6, 1970 and his birthplace is Cincinnati. ), CampbellSoupCo.Camden, NJ19 Mellon family, $12 B, 200 (EST. On August 25, 2014 Kathryn Bufano will join The Bon-Ton Stores Inc. in York, Pennsylvania as President and Chief Executive Officer. As the second richest family in the United States, the Koch family is worth $89 billion which is $15 billion more than the combined net worth of all the billion-dollar families in California, which is $75 billion. Prtzker, who died in 1986. Tim Belk clearly sold at the right time. The Belk empire started shortly after Reconstruction when brothers William Henry and John Belk opened their first general store in Monroe, North Carolina. The firm also owns Pedigree and Whiskas and makes Uncle Bens rice and had $33 billion in sales last year. In the second quarter of 2015, the last time Belk disclosed its financial results publicly, the company reported a net income of $14.5 million and sales of $917.4 million. Also living within the Empire State are members of the Newhouse media family who boast wealth of $17 billion and members of the cosmetic giant Lauder family who are worth $15 billion. Johnson family $25.5 billion cleaning products manufacturer, Republican, 10. But it really does matter: Dont you want your kids to be able to enjoy this world too?. - -124 Slawson family, $1.8 B, Three, Oil & Gas, Wichita, KS124 Ward family, $1.8 B, Two (EST.) Breaking down the list to count up the states that boast the richest families it was found that New York unsurprisingly leads the list with 26 families with a total wealth of $159 billion. Rank: Name Net Worth #Family Members Source of Wealth Headquarters 1 Walton family , $152 B, Six, Wal-Mart, Bentonville, AR2 Koch family, $89 B, Four, Diversified , Wichita, KS3 Mars family, $60 B, Three, Candy, McLean, VA4 Cargill-MacMillan family, $43 B, Nine, CargillInc. Could Belk Be The Next Retail Casualty As Some Vendors Say They Are Not Being Paid? 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. By 2014, the chain operated 293 stores in 16 states, generating $4 billion in sales in 2014. Worth an incredible $152 billion, which is $63 billion more than the second richest family, the controversial Koch brothers, the Walton family is three living children of Wal-Mart Stores founder Sam Walton, and includes the wife of son John and the two daughters of his brother and business partner James Walton. Belk employs about 1,400 in its corporate offices on Tyvola Road. Coming in third for the combined wealth of families is Texas with $105 billion which is drawn from 20 oil and gas tycoons and their relatives. with a new slogan, "Modern. ), Dexter Shoe, Portland, ME64 Wirtz family, $4.2 B, Eleven, Alcohol distribution, Chicago, IL66 Chandler family, $4 B, 200 (EST. Yep, you read right. So, how much is Rocky Belk worth at the age of 50 years old? Guided by the vision she shared with her father, the late John Belk, MC leads . All Rights Reserved, North Carolina Economic Development Guide. His family is worth $29 billion combined, Fisk Johnson, Chairman and CEO of SC Johnson, at Waxdale manufacturing, the company's largest global manufacturing facility. Since the new owners took over in December, the chain closed stores in Culpeper, Va., Eden, N.C., and Union, S.C., and opened one in Euless, Texas. Springs Industries, once the largest textile employer in South Carolina, combined its business with a Brazilian textile company starting in 2001 and no longer manufactures in the Palmetto State. Net Worth in 2022: $1 Million - $5 Million: Salary in 2022: Under Review . We asked, Did we send her off to college so that she could work for the family farm? Tim says. William Randolph Hearst, (center) with his wife Marion Davies and son William. Daisy, Jimmy and Taran are in very critical condition in South Carolina. No suitors have officially come forward to bid on the publicly-traded department store chain, which has $4 billion in revenues and more than 300 stores. Walton family $152 billion Wal-Mart retail, Republican, 2. Tim was born on April 6, 1970 in Cincinnati, OH. Here are twelve decadent milk chocolate truffle options from around the world. Republican, 5. And the retailer needs a long-range strategy, not just a quick fix. Oil, The Woodlands,TX104 Demoulas family, $2.2 B, Nine, Supermarkets, Tewksbury, MA104 Gates family, $2.2 B, Three, Investments, Denver, CO104 Walsh family, $2.2 B, Two, Construction, Chicago, IL104 Wasserstein family, $2.2 B, Nine, Investment, New York, NY108 Asplundh family, $2.1 B, 130 (EST). [14], On April 3, 2015, news reports revealed that Belk was exploring "strategic alternatives," including a possible sale of the company.