CHARLOTTE, NC-Locally-based Belk Inc. says it will spend approximately $100 million on real estate projects this fiscal year, with about half being invested in capital spending.

The 45 projects in the pipeline are up from 30 completed last year at a cost of $76 million, according to Ralph Pitts, executive vice president for Belk. This year’s capital projects involve store remodeling, department upgrades, expansions and new stores.

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