Belk to close North Point Mall site around Labor Day - Atlanta Business Chronicle:

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around Labor Day, after the store failed to meetfinancial expectations, Belk officials said. "It's a store that hasn'tf met our financial expectation," said Dave Penrod, chairman of the Southern Division for Belk. "And part of that has been the downturn inthe economy. It's not any more complicatedx than that." The North Point Mall site, which is 132,000 square feet and employs 73, is the only stores Belk plans to close in theAtlanta "We're anxious to continue to grow in Penrod said. Metro Atlanta is one of Belk'sx largest markets, with 21 stores following the closure of theAlpharettsa store, he said.
"We just openedr two, one in Newnan and one in Winder, and we expecyt to continue to grow inthe market," he "We've invested a lot in the market with storer renovations and expansion." Belk planws to offer jobs at othefr stores for as many of its 73 North Point Mall employees as it can, Penrord said. The closure is not a reflection on the Northb PointMall itself, said mall general manager Nick Nicolosi. "It's never good to see a good retailetr leave," he said. But the "vacan space does open some possibilities for new andexcitinf opportunities.
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