Last Belk Family Member to Retire

After 128 years, the day-to-day operations of Belk will be lead by someone other than a Belk. Tim Belk announced he will be retiring as CEO of the retail chain in July. Lisa Harper, the former CEO of Hot Topic, will succeed Belk on July 5. Belk is the only remaining family member in the company that was sold to private equity firm Sycamore Partners in December for $3 billion.