By  on November 22, 2013

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.

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