NEW YORK — Cost savings partially offset clearance-related margin erosion to allow Coldwater Creek Inc. to narrow its net loss in the second quarter.

For the three months ended Aug. 3, the Sandpoint, Idaho-based multichannel retailer posted a net loss of $1.4 million, or 6 cents a diluted share. By comparison, last year the firm recorded a wider loss of $2.1 million, or 9 cents.

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