Chain Store Age
CHARLOTTE, N.C. - Belk Inc. said it is making suburbs around large cities a new priority for store locations. Belk said that it plans to focus on suburban communities surrounding larger metropolitan markets, and will boost its new-store size range to 50,000 sq. ft. to 100,000 sq. ft.
Belk outlined its growth strategy in its annual 10-K filing with the U.S. Securities and Exchange commission. The company also plans to continue looking for stores or divisions to acquire, the filing said.