Belk Inc., the Charlotte-based retailer, confirmed it has hired Goldman Sachs Group Inc. to evaluate its options for the future, including a potential sale of the company, according to the
Charlotte Business Journal
.
Belk recently reported that its net income fell 7.8% to $146.1 million during the fiscal year that ended Jan. 31, according to the article. That was down from $158.5 million in 2014.
Belk is the nation’s largest family-owned and operated department store chain, with 297 stores in 16 southern states, including 76 in North Carolina. The company’s first location opened in 1888. (Source:
Charlotte Business Journal
, April 2, 2015).
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