Belk continues to make significant investments in stores to build sales and market share and create compelling shopping environments that appeal to our customers and align with our brand. Our real estate plans include identifying new markets and expanding the number of Belk flagship locations that offer a compelling shopping environment and expanded assortments of premium brand fashions with a regional impact.
The Company has focused its growth strategy on new stores, expanding and remodeling existing stores, developing new merchandising concepts, and expanding its online capabilities.As mentioned above, the Company continues to expand the number of Belk flagship locations and, as of the 2015 fiscal year end, operates 21 flagship stores that meet certain standards based on size, sales volume, location, premium brand assortments and Belk brand image.
The Company will continue to explore new store opportunities within its existing 16-state footprint and in contiguous markets where Belk can leverage its name and reputation to distinguish its stores from the competition.
We are extremely proud of what our talented team of associates achieved together last year and we are excited and optimistic about the opportunities that lie ahead. Our associates represent the Belk brand with pride and their passion for delivering Modern.Southern.Style. to customers has never been stronger!