NEW YORK — ShopKo Stores Inc. posted improved results for the second quarter and first half, even though sales dipped in both periods.
Income for the three months ended Aug. 2 rose 6.9 percent to $7.7 million, or 26 cents a diluted share, from $7.2 million, or 25 cents, in the same year-ago quarter. Total revenues fell 2.4 percent to $767.9 million from $786.6 million, which included a 2.4 percent decline in sales to $764.7 million offset slightly by a 1.3 percent gain in licensed department rental income to $3.2 million. Comparable-store sales fell 2.2 percent in the quarter.
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?"