Retail

One of the last remaining small-town department stores in North Carolina is closing its doors. The Fairmont Department Store has been a staple in the town near Lumberton since 1957.

WFAE All Things Considered host Gwendolyn Glenn talks to Chuck McShane, director of market analytics for the Carolinas for CoStar, a commercial real estate data analytics company, about the future of enclosed malls.

The department store writes a new chapter in its long history: Chapter 11. The bankruptcy filing is the latest to hit the retail sector, particularly mall-based stores such as Belk, as the coronavirus pandemic accelerated changes in shopping.

A bidding war is underway to buy Matthews-based retail discounter Family Dollar. A few weeks ago, Dollar Tree agreed to an $8.5 billion deal with Family…

The Epicentre in uptown Charlotte has a new owner. The Los Angeles-based CIM Group acquired the mixed-use development for a reported $130.5 million. CIM…

Soon you'll be able to shop for books, shoes, video games – and health insurance – all in the same shopping center. Blue Cross Blue Shield of North…

Belk is boosting employment at its Charlotte headquarters by about 10 percent thanks to the popularity of online shopping. The 150 jobs Belk plans to add…