North Carolina
CEO of North Carolina-based Belk resigns
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CHARLOTTE (QUEEN CITY NEWS) – The CEO of Belk is stepping down, the retail firm primarily based in Charlotte has introduced.
CEO Nir Patel is leaving the corporate to pursue different pursuits, the corporate mentioned in a written assertion. President Don Hendricks might be named the interim CEO.
Based mostly in Charlotte, Belk opened its first division retailer in 1888 and presently operates almost 300 shops in 16 southeastern states.
Belk was just lately changed because the title sponsor for the annual SEC-ACC bowl recreation at Financial institution of America. It’s now the Duke’s Mayo Bowl.
Belk introduced final yr it was submitting for chapter amidst an unsure future as on-line gross sales surged and bodily retail retailer struggling, solely heightened throughout the pandemic.
“I’m grateful for the chance to guide the proficient crew at Belk,” Hendricks mentioned. “I’m pleased with our continued work to advance the enterprise in quite a few methods, whereas nonetheless holding the wellbeing of our clients, associates, and communities as a high precedence.”