Belk Inc. achieved double-digit earnings growth in the second quarter as strength in e-commerce helped it overcome decelerating retail conditions.
In the three months ended Aug. 3, net income expanded 11.3 percent to $30.5 million from $27.4 million in the 2012 quarter. Excluding onetime gains and charges in both periods, profits rose 14 percent to $30.9 million.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"