BELK TO REDUCE FULL-TIME POSITIONS

A Charlotte, North Carolina Department Store Has Eliminated Nearly 60 Full-Time Positions. Belk Has Don E Away With Those Jobs In The Company. The Positions That Were Eliminated Include Some Assistant Store Managers, Operations Managers, And Sales Team Manager In Store In 16 States. The Reductions Come Three Years After Belk Sold Itself To The Private Equity Firm Sycamore Partners For Three Billion Dollars. Belk Operates 292 Stores In 16 States.