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BELK DEPARTMENT STORE CHAIN FILES FOR BANKRUPTCY

... protection. Belk, the largest retail chain in the southeastern United States, has recently done it as well. Analysts note that Belk's businesses have been able to withstand the financial pressures of the pandemic for a long time compared to other companies. The largest retailers of the US, including Neiman Marcus, Stage Stores and the country's oldest department store chain Lord& Taylor, have declared bankruptcy before. The well-known company J.C. Penney miraculously managed to avoid the same outcome, as the owners of large shopping ...

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