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BELK DEPARTMENT STORE CHAIN FILES FOR BANKRUPTCY

... 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... ... 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... ... Belk’s representatives noted the company reached an agreement with its majority owner, Sycamore Partners investment firm, which will support Belk with a $ 225 million financial...

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