The Fresh Market, Inc. Appoints CFO

Greensboro, N.C. — The Fresh Market, Inc., a leading specialty grocer, has appointed Oded Shein as chief financial officer. Past retail positions include senior financial roles at Stage Stores, Belk and Charming Shoppes.

Tim Belk Retires as Belk’s CEO; Lisa Harper Named New CEO

Charlotte, N.C. — Tim Belk will retire as chief executive officer of Belk in July 2016. He will continue to serve on the Belk board of directors. Lisa Harper, who previously served as chief executive officer of Hot Topic, Inc., will succeed Tim Belk as CEO, effective July 5, 2016. She is first non-family member to serve as CEO.

Belk, Inc. To Be Acquired By Sycamore Partners

Charlotte, N.C. — Belk, Inc., the nation's largest family owned and operated fashion department store company, has entered into a definitive merger agreement whereby investment funds managed by New York-based private equity firm Sycamore Partners will acquire 100% of Belk in a $3 billion transaction.

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