Belk Inc. was able to drive down expenses faster than its customers brought down sales, helping the privately held department store group boost profits by 14.6 percent in the second quarter.
In the three months ended Aug. 1, net income rose to $9.4 million from $8.2 million in the year-ago quarter. Sales fell 8.3 percent, to $760.3 million from $829.3 million, and contracted 9.4 percent on a same-store basis.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"