Investors in technology and stores lifted Belk Inc.’s third-quarter sales while chipping away at its profits.
Net income for the Charlotte, N.C.-based department store chain dropped 67.6 percent to $3.6 million from $11.1 million in the 2012 quarter. Excluding asset impairment charges and gains on assets, profits were off 53.1 percent to $4.6 million.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)