Beall’s Department

Bealls Inc., a family-owned retail company based in Bradenton, Florida, has been a staple in American retail since its inception in 1915. Originally starting as a single dry goods store, it has expanded significantly over the years. As of November 2025, Bealls operates over 600 stores across 23 states, showcasing its impressive growth and adaptability.

Under the leadership of Matt Beall, the fourth generation of the founding family, the company has transitioned from a traditional department store model to a cohesive off-price retail strategy. This strategic shift, known as the 'One Bealls' approach, has enabled the company to unify its operations, streamline merchandising, and eliminate internal competition, thereby strengthening its position in the competitive retail market.

Bealls Inc. operates several banners, including Bealls, Bealls Florida, Home Centric, and Reel Legends. Each banner offers unique value propositions focused on affordable apparel, home goods, and accessories. The company's commitment to providing value has positioned it alongside other major off-price retailers, making it a strong player in the industry.

In recent years, Bealls has concentrated its expansion efforts in the Sunbelt and Southeastern United States, with a keen interest in Florida, Texas, Georgia, North Carolina, South Carolina, and Alabama. This focus on growth markets reflects the company's dedication to long-term expansion and market share gains. Notably, in 2025, Bealls made headlines by becoming the first national retailer to accept Bitcoin and other digital assets for payment, highlighting its innovative spirit.

For commercial real estate professionals, Bealls Inc. presents a compelling opportunity. Its scale, family ownership, and proven adaptability make it a credible and attractive anchor or co-tenant for shopping centers and retail developments. With a steady pace of new store openings and relocations, Bealls continues to be a dynamic force in the retail landscape.