As the COVID-19 pandemic continues to take its toll on the economy, another famous name has gone to the wall–Belk, the iconic Southern department store chain, is filing for Chapter 11 bankruptcy protection. As the nation’s largest private department store, Belk currently operates across 16 states in 300 stores, but now, its future is in question.
Over the last year, similar department store chains including Neiman Marcus, JCPenney, and Lord & Taylor have all filed for bankruptcy, a sign of how tough conditions have been. For the full story of Belk’s problems and what this means for the brand, read on. And for another store that’s sadly going away, check
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