Belk to open three new stores through the end of 2018

CHARLOTTE, N.C., 2017-Jul-27 — /EPR Retail News/ — Belk announced today (July 26, 2017) it will open three new stores through the end of 2018, part of a nearly $40 million investment in store remodels, capital improvements and new store openings in 2017. The regional retailer is dedicated to the customer experience and offering an appealing assortment of products in its “Modern. Southern. Style.” aesthetic.

Founded in 1888 by William Henry Belk in Monroe, North Carolina, Belk has kept family and community involvement at the top of its core values for its more than 125 years, which has instilled an unmistakable loyalty amongst customers.

“We really want to be an asset to the communities in which we operate,” said Lisa Harper, Belk CEO. “Our goal – and really, our hope – is to build lasting relationships with our customers and associates.”

The first of the new stores opening on October 11, 2017 are:

  • Evans, Georgia – located in the Mullins Colony shopping center at 4263 Washington Rd, Evans, Georgia 30809; and
  • Bowling Green, Kentucky – anchoring the Greenwood Mall at 2625 Scottsville Rd, Bowling Green, Kentucky 42104.

One additional store will open in 2018 in:

  • Hagerstown, Maryland – located in the Valley Mall at 17301 Valley Mall Rd, Hagerstown, Maryland 21740.

Belk’s intense focus on the customer experience will come to life in the new stores through a variety of ways, including a “buy online, pick up in store” service, phone charging stations and a service desk at the store entrance for quick, convenient access to services such as gift wrapping, returns and Belk Rewards Card payments.

In 2017, Belk also plans to remodel 12 existing stores across their 16-state footprint, an investment of nearly $10 million. An additional $15 million in funding will be used for capital improvements such as parking lots, paint and roofing.

The remodels, capital improvements and new stores continue Belk’s commitment to provide a premiere shopping experience to their customers.

Like all of the existing 292 Belk stores, the new locations and remodeled stores will offer a full range of national brands and private label fashion apparel – including Crown and Ivy, Kaari Blue, and New Directions – shoes and accessories for the entire family along with top name cosmetics, a wedding registry and a large selection of quality merchandise for the home.

“We’ve been successful in making a personal connection between our brand and our customers,” said Harper. “Our customers truly believe they know us and we are a part of their community; and they feel Belk is their store. We want to provide that level of personal connection in every community we enter.”

About Belk, Inc.

Belk, Inc., a private department store company based in Charlotte, N.C., is where Southern customers shop for their perfect Sunday dress, the Saturday night outfit, and where family and community matter most. But Belk is more than shopping – it’s where you find your own unique way to express who you are. It’s where Southern style lives. Shop Belk in 16 Southern states and on www.belk.com to find an assortment of national brands and private-label fashion, shoes and accessories for the entire family, along with top-name cosmetics, a wedding registry and southern style for the home.

CONTACT:

Andy Izquierdo
214-304-1534
Andy_Izquierdo@belk.com

Source: Belk, Inc.

Belk announces multi-year renewal of Synchrony Financial’s consumer financing program

Private label Belk Rewards credit card program to continue under multi-year agreement

STAMFORD, Conn. and CHARLOTTE, N.C., 2017-Jan-26 — /EPR Retail News/ — Synchrony Financial (NYSE:SYF), a premier consumer financial services company, and Belk, a private department store company, today (January 25, 2017 ) announced they have agreed to a multi-year renewal of Synchrony Financial’s consumer financing program.

Belk operates department stores in 16 Southern states as well as belk.com and offers a wide assortment of national brands and private label fashion apparel, shoes and accessories.

Synchrony Financial has provided a consumer financing program for Belk through the Belk Rewards program for more than a decade. Qualifying cardholders can continue to access discounts, loyalty rewards, mobile account management, receipt-free returns and other exclusive benefits* with a Belk Rewards, Belk Premier or Belk Elite credit card for use in stores and online.

Cardholders earn 1 point for every $1 spent on qualifying merchandise purchases, and receive $10 in rewards certificates for every 400 points earned. Elite members also receive free shipping, quarterly 20% off personal sale days and a 20% off birthday coupon.

“The Belk Rewards credit program has been instrumental in increasing our store and online traffic,” said Lisa Harper, CEO of Belk. “We value Synchrony Financial’s industry expertise, commitment to innovation and knowledgeable insights that provide added value to our customers.”

“We look forward to continue working with Belk to ensure that their customers have the payment flexibility, loyalty rewards and superior customer experience that they expect,” said Tom Quindlen, executive vice president and CEO, Retail Card, Synchrony Financial. “Providing a successful consumer financing program is critical to driving sales and maintaining an edge in today’s competitive retail landscape and we’re pleased to be able to continue our partnership with Belk.”

*Subject to terms and conditions.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is one of the nation’s premier consumer financial services companies. Our roots in consumer finance trace back to 1932, and today we are the largest provider of private label credit cards in the United States based on purchase volume and receivables.** We provide a range of credit products through programs we have established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers to help generate growth for our partners and offer financial flexibility to our customers. Through our partners’ over 350,000 locations across the United States and Canada, and their websites and mobile applications, we offer our customers a variety of credit products to finance the purchase of goods and services. Synchrony Financial offers private label and co-branded Dual Card™ credit cards, promotional financing and installment lending, loyalty programs and FDIC-insured savings products through Synchrony Bank. More information can be found at www.synchronyfinancial.com, facebook.com/SynchronyFinancial, www.linkedin.com/company/synchrony-financial and twitter.com/SYFNews.

About Belk, Inc.

Belk, Inc., a private department store company based in Charlotte, N.C., is the home of Modern. Southern. Style. with stores located in 16 Southern states and has a rapidly growing digital presence. Belk is a portfolio company of Sycamore Partners, a private equity firm based in New York. Belk and www.belk.com offer a wide assortment of national brands and private label fashion apparel, shoes and accessories for the entire family along with top name cosmetics, a wedding registry and a large selection of quality merchandise for the home.

Belk offers many ways to connect via digital and social media, including Facebook, Pinterest, Twitter, Instagram, YouTube and Google Plus, and provides exclusive offers, fashion updates, sales notifications and coupons via email or mobile phone text messages. Customers can also download the latest Belk mobile apps for the iPad, iPhone or Android.

Contact:

For Synchrony Financial:
(855) 791-8007
media.relations@synchronyfinancial.com

For Belk:
Jessica Graham
(704) 426-8333
Jessica_graham@belk.com

Source: Belk

Tim McGraw to perform live at 2016 Belk Bowl FanFest concert on Dec. 29 at BB&T Ballpark in Charlotte, North Carolina

CHARLOTTE, N.C., 2016-Oct-12 — /EPR Retail News/ — GRAMMY-winning music superstar Tim McGraw will perform live at the 2016 Belk Bowl FanFest concert being held this year at BB&T Ballpark in Charlotte, North Carolina, on Thursday, Dec. 29. The concert will precede the match-up of the Atlantic Coast Conference (ACC) and Southeastern Conference (SEC), which kicks off at 5:30 p.m. at Bank of America Stadium.

The “Humble and Kind” singer is a three-time GRAMMY Awards winner with more than 56 million records sold worldwide and 41 No. 1 singles to his name. The talented singer, songwriter and actor has racked up a list of impressive career credits including, among many honors, 16 Academy of Country Music Awards, 14 Country Music Association Awards, 10 American Music Awards, and big-screen appearances in films like “The Blind Side,” “Friday Night Lights” and “The Kingdom.”

“We couldn’t think of anyone better than a dynamic music icon like Tim McGraw to help celebrate the Belk Bowl’s 15th anniversary with fans,” said Lisa Harper, CEO of Belk. “Tim brings incredible energy and Southern charm to his performances, and Belk can’t wait to share this memorable experience with ACC and SEC fans and visitors to Charlotte.”

The Belk Bowl FanFest is the Bowl’s marquee pregame celebration. In addition to the concert, fans also will enjoy live entertainment, interactive displays and a number of food and beverage options in uptown Charlotte at Mint Street and Romare Bearden Park. FanFest festivities begin at 11 a.m. with McGraw’s performance inside BB&T Ballpark scheduled for 2 p.m.

Important Ticket Information

  • Individual tickets for the 2016 Belk Bowl are on sale now through TicketMaster and at participating schools.
  • Fans MUST purchase a Belk Bowl game ticket or Super Fan Package to be eligible to attend the concert at BB&T Ballpark.
  • Concert vouchers will be available on a first-come, first-served basis and will be given out only to the first 10,000 fans that show their official Belk Bowl game tickets at the BB&T Ballpark Ticket Office during two redemption days. Please note there are limited quantities of concert vouchers available each day.
    • Wednesday, Dec. 28 – 2 – 7 p.m.
    • Thursday, Dec. 29 – 8 – 11 a.m.

“We are very pleased to host the annual Belk Bowl concert at BB&T Ballpark this year,” stated Dan Rajkowski, the Charlotte Knights’ chief operating officer. “Belk has been a long-standing partner, and we couldn’t be more pleased to bring this great event to our ballpark.”

The Belk Bowl’s new, redesigned website (www.BelkBowl.com) is a destination for fans to get official information about the game and surrounding events.

College football’s only bowl game to call the Carolinas home, the Belk Bowl has long-term partnerships in place with Belk, ESPN, the ACC and SEC, all through 2019. Belk has been the title sponsor of the Belk Bowl since 2011, working to help increase the Bowl’s visibility both regionally and nationally.

“As Belk’s partner, we’re thrilled to be able to work with a company that has such a deep connection to the Carolinas and Southern hospitality,” said Will Webb, Belk Bowl Executive Director. “Together, we look forward to providing fans with a great experience to celebrate our 15th anniversary milestone.”

About Belk, Inc.
Belk, Inc., a private department store company based in Charlotte, N.C., is the home of Modern. Southern. Style. with 293 Belk stores located in 16 Southern states and a growing digital presence. Belk is a portfolio company of Sycamore Partners, a private equity firm based in New York. Belk and www.belk.com offer a wide assortment of national brands and private label fashion apparel, shoes and accessories for the entire family along with top name cosmetics, a wedding registry and a large selection of quality merchandise for the home.

Belk offers many ways to connect via digital and social media, including Facebook, Pinterest, Twitter, Instagram, YouTube and Google Plus, and provides exclusive offers, fashion updates, sales notifications and coupons via email or mobile phone text messages. Customers can also download the latest Belk mobile apps for the iPad, iPhone or Android.

About The Charlotte Sports Foundation
The Charlotte Sports Foundation (CSF) is a 501(c)(3) organization created to provide leadership for sports-based initiatives that enhance the economy and quality of life in the Charlotte region. CSF provides unique events and business opportunities around professional, collegiate and amateur sporting events, highlighted by the annual Belk Bowl and Dr. Pepper ACC Football Championship, as well as, the Belk College Kickoff Games. These efforts are intended to create a positive economic impact in the region as well as to enhance the quality of life. The organization’s board of directors is comprised of regional business, industry and civic leaders who have a track record of bringing sports and economic development to the Charlotte area.

Contact:

By Email: Belk_Customer_Care@belk.com
By Phone: 1-866-235-5443

Source: Belk, Inc.

Belk CEO Tim Belk retires; Lisa Harper succeeds

CHARLOTTE, N.C., 2016-Jul-02 — /EPR Retail News/ — The Board of Directors of Belk, Inc. today 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

“After managing through the ownership transition and filling a number of key management positions, I’ve decided this is an opportune time for me to retire as CEO of Belk,” said Tim Belk. “It has been an honor to continue my family’s legacy by serving the company over the past 35 years. I would like to express my gratitude to the thousands of associates, both current and former, and the customers who have helped create the company Belk is today. Their commitment to and passion for our company has been incredible.”

He added, “I also appreciate the partnership we’ve developed with Stefan Kaluzny and Sycamore Partners. Their vision and expertise will carry the company forward to even greater success. A North Carolina native who worked on the selling floor at Belk as one of her first jobs, Lisa Harper brings more than two decades of experience across the retail industry. I am confident she will be a dynamic leader who will carry forth our values, our brand, and our focus on our customers. I look forward to working with Lisa during a transition period in July and in my continued role as a board member.”

Stefan Kaluzny, chairman of the Belk, Inc. Board of Directors and managing director of Sycamore Partners, said, “Tim’s vision and passion as a leader were among the qualities that first attracted us to Belk, and I look forward to continuing to work with him on the Board. We are excited for the company’s next chapter, and we believe Lisa will position Belk for future success as we build on the company’s legacy and continue to deliver its Modern. Southern. Style.”

Tim Belk has served as CEO of the company since 2004. He joined the company in 1981 as a management trainee, and has served in a variety of roles, including buyer, store manager, divisional merchandise manager for men’s and boys, senior vice president of human resources, and president of stores and real estate. He led the company through the acquisitions of Parisian, Proffitt’s and McRae’s.

About Lisa Harper
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.

Harper served as CEO from 2001 to 2006 and Chairman from 2002-2006 of the Gymboree Corporation, a publicly traded company operating a chain of specialty retail stores for children and women. She also held various creative, merchandising and design positions at Gymboree and, before that, held similar positions with several other clothing retailers, including Limited Too, Esprit de Corp., GapKids, Mervyn’s, and Levi Strauss.

Harper is a native of Durham, North Carolina and attended the University of North Carolina at Chapel Hill.

About Belk, Inc.
Belk, Inc., a private department store company based in Charlotte, N.C., is the home of Modern. Southern. Style. with 293 Belk stores located in 16 Southern states and a growing digital presence. Belk is a portfolio company of Sycamore Partners, a private equity firm based in New York. Belk and www.belk.com offer a wide assortment of national branded and private label fashion apparel, shoes and accessories for the entire family along with top name cosmetics, a wedding registry and a large selection of quality merchandise for the home.

Belk offers many ways to connect via digital and social media, including Facebook, Pinterest, Twitter, Instagram, YouTube and Google Plus, and provides exclusive offers, fashion updates, sales notifications and coupons via email or text messages. Customers can also download the latest Belk mobile apps for the iPad, iPhone or Android.

About Sycamore Partners
Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. The firm has more than $3.5 billion in capital under management. The firm’s strategy is to partner with management teams to improve the operating profitability and strategic value of their businesses. The firm’s investment portfolio currently includes Aeropostale, Belk, Coldwater Creek, Dollar Express, EMP Merchandising, Hot Topic, the Kasper Group, MGF Sourcing, Nine West Holdings, Talbots and Torrid.

For further information:

Jessica Graham
vice president
communications and community relations
704-426-8333
Jessica_graham@belk.com

SOURCE: Belk, Inc.