- Associated Press - Thursday, November 3, 2016

CHARLOTTE, N.C. (AP) - The Belk department store chain has laid off about 40 employees at its Charlotte headquarters.

Spokeswoman Jessica Graham says the layoffs come as Belk has restructured several groups in its corporate office. Graham did not say which departments were affected by the job reductions.

The Charlotte Observer reports (https://bit.ly/2eYmikP ) the move comes almost a year after Belk sold itself to Sycamore Partners, a New York private equity firm.

As of April, Belk employed about 1,400 people at its corporate headquarters.

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Information from: The Charlotte Observer, https://www.charlotteobserver.com

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