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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)