Belk Inc.'s bottom line retreated more than 20 percent in the fourth quarter as sales saw a double-digit dip.
For the three months ended Feb. 2, the Charlotte, N.C.-based department store group reported net income of $85.6 million, 24.2 percent less than the year-ago level of $113 million. Sales contracted 12.3 percent to $1.23 billion from $1.41 billion in the final period of fiscal 2007.
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?"