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Holiday sales jump 5.2% at Belk
Strong e-commerce growth and omnichannel contributed to a healthy holiday shopping sales season at Belk.
The nation’s largest family owned and operated fashion department store company reported a 5.2% increase in sales for the nine-week period ending Jan. 3. Same store sales for the same period increased by 4.8%.
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Former Family Dollar COO named president and COO of Fred's
Memphis -- Discount general merchandise chain Fred’s has named Michael K. Bloom as its president and COO, effective immediately. Until recently, Bloom held the same position at Family Dollar Stores Inc.; he resigned in early January after just over two years in the position and could be owed as much as $4.8 million in severance by Family Dollar, according to an SEC filing.
