MikeKalasnik / Flickr Creative Commons

The North Carolina department store Belk will be sold for $3 billion to a private equity firm in New York. 

Sycamore Partners is acquiring Belk, a company with a long history in the Charlotte area. William Henry Belk founded the department store in Monroe in 1888. Belk has more than 1,000 corporate employees in Charlotte.  It's not yet clear what will happen to those employees or the nearly 300 Belk stores in the Southeast.

An artist's rendering of the theater's facade planned for University Mall in Chapel Hill
Madison Marquette Retail Services

Leaders in Chapel Hill say they hope a luxury movie theater moving into a local mall will bring in more shoppers from out of town. 

Silverspot Cinema says it will open the facility with 13 theaters at University Mall in two years. 

The theater will replace Dillard's department store, which has been there since 1973.  Silverspot says it will offer leather chairs in the theaters, a lounge, and special screenings of live events like opera. 

Brian Ulrich

  In the immediate aftermath of the 9/11 attacks, then-President George W. Bush gave a speech encouraging Americans to boost "participation and confidence in the American economy."

Three generations of women wearing clothing bought at Smitten Boutique.

Food is like a religion in the South.  It’s well-known that Durham was named the "Tastiest City in the South" by Southern Living.  But the food scene here is relatively new.  Restaurants, food trucks, and coffee shops opened up in recent years to make Durham's cuisine what it is.