Belk announced on Tuesday that they will be filing for Chapter 11 Bankruptcy in an attempt to shed $450 million in debt. While Belks has been around for almost 190 years, does this mean they will be closing stores? Belks sells a range of items from home goods to clothing and toys and almost everything in between.
Belks has announced that they will continue operating stores as usual during this time, we won’t know which stores will be closing, if any until the bankruptcy is filed and Belks starts chipping away at the debt. Click the link below to read more on this story.
