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Proffitt's was a department store chain based in Alcoa, Tennessee. The chain was founded in 1919 by David W. Proffitt and James Ellis. In 2006, the Proffitt's and McRae's stores were converted into Belk after Belk had acquired the two chains in July 2005 from Saks, Inc. At the time of their demise they operated 47 Proffitts & McRae's stores.
McRae's and Proffitt's were among the first to be sold. Charlotte-based Belk, the nation's largest privately owned department store chain, bought Proffitt's/McRae's in a deal that closed in July 2005. [5] [6] On March 8, 2006, most McRae's stores were downgraded into Belk stores, with three stores excluded.
Belk was founded in 1888 by William Henry Belk in Monroe, North Carolina, outside Charlotte. The store was first called New York Racket and then Belk Brothers, after Belk made his brother, physician John Belk, his partner. [3] Belk bought in volume to pass savings on and sold at fixed prices, then a relatively unusual practice. [4]
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Parisian Inc. (/ p ə ˈ r iː ʒ ə n /, pə-REE-zhən [1] [2]) was an American chain of upmarket department stores founded and headquartered in Birmingham, Alabama.Competing mainly through the 1980s against Nordstrom, Neiman Marcus, and Gus Mayer, Parisian underwent a series of restructurings and mergers during its 130-year history, and was taken over by Proffitt’s, Inc. in 1996.
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