By  on May 26, 2011

Belk Inc. managed to keep increases in expenses below the pace of its sales gain in the first quarter, paving the way for a 31.3 percent boost in profits.

In the 13 weeks ended April 30, the Charlotte, N.C.-based department store operator generated net income of $31.9 million versus year-ago net income of $24.3 million.

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