Belk Inc. fought off tough macroeconomic conditions and a decline in sales to score a gain in second-quarter profits, the company said Thursday.
For the quarter ended Aug. 2, the Charlotte, N.C.-based department store group posted a 9.3 percent climb in profits to $8.2 million from $7.5 million in the same period a year ago. Revenues for the second quarter dropped 5.7 percent to $829.3 million from $879.6 million last year.
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?"