department stores

Belk Says It Will File for Chapter 11 Bankruptcy

North Carolina-based department store chain Belk says it will file for Chapter 11 bankruptcy. In our area, the company has stores in Montgomery, Prattville, Selma and Auburn. The Charlotte Observer reports that private equity firm Sycamore Partners made the announcement today. The firm owns Belk and says it will continue with “normal operations” as it goes through bankruptcy. Sycamore Partners…