By  on April 9, 2014

Belk Inc.’s sales last year were in the plus column, though big investments in technology and lower margins pushed net income down 15.9 percent.

On Wednesday, the Charlotte, N.C.- based regional department store chain reported that net income for the fiscal year ended Feb. 1 totaled $158.5 million, compared to $188.4 million in the prior year.

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