Belk, Inc., a privately owned department store leader with a 135-year legacy, continues to serve as a premier Anchor Tenant across the Southeastern United States. Operating nearly 300 locations in 16 states, Belk is currently undergoing a strategic portfolio evolution, emphasizing a "Modern Southern" aesthetic that resonates with an affluent, community-focused demographic. In late 2025, the brand launched its innovative "Belk Market" concept—a smaller, 25,000 to 30,000-square-foot curated format—to target high-growth suburban hubs and modern Lifestyle Centers like The Grove at Wesley Chapel and The Centre at Preston Ridge. This agile format allows Belk to execute a more localized National Expansion (Regional Focus) by integrating national brands with private-label favorites in a "phygital" retail environment. For landlords and developers, Belk offers institutional-grade stability and a deep-rooted connection to the Southern shopper, providing a high-volume traffic engine that anchors both dominant regional Malls and next-generation open-air developments.