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Saks Incorporated (1998–2005) Belk (2006) A McRae's Department Store at the Dogwood Festival Market in Flowood, Mississippi. McRae's was a mid-range regional department store chain founded and based in Jackson, Mississippi, with locations in Mississippi, Alabama, Louisiana, and Florida. The nameplate was in existence for more than a century.
On July 5, 2005, Belk completed the purchase of 47 Proffitt's and McRae's department stores from Saks Incorporated, primarily in Tennessee and Mississippi. Belk downgraded the 39 Proffitt's and McRae's stores to the Belk nameplate on March 8, 2006. Just over a year later, Belk purchased 38 Parisian department stores from Saks on October 2, 2006.
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.
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Mall at Barnes Crossing. / 34.30796; -88.70175. Mall at Barnes Crossing is a super regional shopping mall located in Tupelo, Mississippi, United States. It is managed and partially owned by David Hocker & Associates and is home to over 90 specialty shops, 5 anchor store tenants, an 8-screen Cinemark movie theater, and a 600-seat food court.
Belk, Inc., a privately held department store chain based in Charlotte, North Carolina purchased the Proffitt's and McRae's stores from Saks on March 8, 2006, and immediately converted them to Belk. On August 2, 2006, Belk announced the $285 million purchase of Parisian from Saks with Belk later announcing plans for twenty-four Parisian ...