By  on September 17, 2009

Higher sales and reduced costs allowed Burlington Coat Factory Investments Holdings Inc. to reduce its fourth-quarter losses despite higher impairment charges.

In the three months ended May 30, the Burlington, N.J.-based off-price retailer reported a net loss of $26.4 million versus red ink of $48.5 million in the year-ago quarter. Pretax impairment charges and restructuring and separation costs totaled $25.4 million in the most recent period versus $17.4 million in its 2008 counterpart.

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