CHARLOTTE, NC-Locally-based Belk Inc. says itwill spend approximately $100 million on real estate projects thisfiscal year, with about half being invested in capitalspending.
The 45 projects in the pipeline are up from 30 completed lastyear at a cost of $76 million, according to RalphPitts, executive vice president for Belk. This year'scapital projects involve store remodeling, department upgrades,expansions and new stores.
Plans call for the construction of three new stores in fiscal2014, which ends in January 2014, that include relocating twoexisting stores and building a new, $9.5-million fashion store inNew Braunfels, TX, according to the Charlotte Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
