Belk Inc. generated a profit, versus a year-ago loss, and slowed the pace of its sales erosion in the fourth quarter.
During the three months ended Jan. 30, the Charlotte, N.C.-based department store operator generated net income of $56.7 million versus a loss of $202.8 million in the 2008 quarter, when the company recorded about $324 million in pretax impairment charges. Sales declined 1.3 percent to $1.1 billion from $1.11 billion in the prior-year quarter, and gross margin improved to 34.3 percent of sales from 31.1 percent.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)