Belk Inc.'s corporate past as a collection of 112 partnerships that ran their own stores but shared a banner has shaped how the company grew to be a Southern department store force and how it operates today.
In 1888, the 26-year-old William Henry Belk mustered $750 in savings, a $500 loan and $3,000 worth of consignment goods to start the company with a 1,540-square-foot store called New York Racket.
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