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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.
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.
Later in 2005, Saks sold its Proffitt's division — including most of the McRae's chain — to Belk. As a result, Saks closed the 131,000 sq ft (12,200 m 2 ) McRae's store. Belk dissolved the separate Proffitt's organization, and on March 8, 2006, the Proffitt's store at Riverchase became the mall's first Belk store.
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. [8] Just over a year later, Belk purchased 38 Parisian department stores from Saks on October 2 ...
Metrocenter Mall is a defunct shopping mall located in Jackson, Mississippi, United States. The largest enclosed shopping mall in Mississippi, [2] it contained 1,250,000 square feet of retail space on two levels, including four anchor spaces. Regional real estate developer Jim Wilson & Associates built the mall in Mississippi's capital city in ...
McRae's and JCPenney were added in 1995. [2] By 1999, Turtle Creek was at 100 percent capacity. [3] The Gayfers anchor was converted into a second McRae's location when Gayfers was bought out by Dillard's in 1998. [4] Both were acquired by Belk in 2006, which consolidated all operations into the former Gayfers anchor in 2010.
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Parkway Place. Parkway Place is an upscale shopping mall in Huntsville, Alabama that opened on October 16, 2002. Parkway Place is located at the site of the older Parkway City Mall, which was torn down to allow for the construction of the newer facility. The mall is located at the intersection of Memorial Parkway (U.S. 231) and Drake Avenue.