Belk Invests $40M To Upgrade Store Footprint

Bucking the trend among department stores to shrink their brick-and-mortar footprints, Belk will open three new stores and remodel 12 more as part of a nearly $40 million capital improvement plan. The first two new stores, in Evans, Ga. and Bowling Green, Ky., are scheduled to open in October 2017; the third store, in Hagerstown, Md., is set to open in 2018.

Additionally, Belk plans to invest nearly $10 million for…