By and  on March 31, 2011

Regionally situated retailers have slowly been beaten out of business by the national chains. But not Belk Inc.

The 305-unit, Charlotte, N.C.-based traditional department store on Wednesday reported a 90.2 increase in profits for the year ended Jan. 29, and the momentum is continuing into the first quarter, Tim Belk, chairman and chief executive officer, told WWD.

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