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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.
It is the largest enclosed shopping center in Alabama. Located at the intersection of U.S. Highway 31 (Montgomery Highway) and Interstate 459, the Riverchase Galleria complex includes the region's only Costco, and also includes the 15-story, 1,700,000-square-foot (160,000 m 2) Hyatt Regency, and the 17-story, 285,000-square-foot (26,500 m 2 ...
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, Inc. Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares. Belk, Inc. is an American department store chain founded in 1888 by William Henry Belk in Monroe, North Carolina, with nearly 300 locations in 16 states. Belk stores and Belk.com offer apparel, shoes, accessories, cosmetics, home furnishings, and a ...
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 ...
Belk had signed a 15-year lease on the property in 2016. Also in July 2021, Belk named a new CEO , promoting Nir Patel from president and chief merchandising officer. He replaced Lisa Harper, Belk ...
Katherine “Kat” Roddey Whitner McKay Belk Cook, the prominent Charlotte philanthropist, community volunteer and matriarch of the Belk family, died on Aug. 30. She was 98. Belk’s impact on ...
Footnotes / references[ 1 ][ 2 ] Saks, Inc. (originally Proffitt's, Inc.) was an American holding company founded in 1919. Before acquisition by the Canadian-founded Hudson's Bay Company in 2013, it held ownership of department store chains including New York City -based Saks Fifth Avenue (1998–2013) and Tennessee -based Proffitt's (1919–2005).