NEW YORK — A charge related to the closure of its Chicago store caused Syms Corp., the 41-unit off-price apparel chain, to report a wider loss in its second quarter.
The Secaucus, N.J.-based retailer said that, including that $4 million charge related to the closing of its Chicago store, its net loss widened to $6.2 million, or 39 cents a share, for the three months ended Aug. 31. Syms reported a loss of $2.1 million, or 13 cents in the comparable quarter last year, including income of $3 million from an insurance recovery. Sales for the quarter decreased 0.5 percent to $65.1 million from $65.3 million last year but were up 0.5 percent on a comparable-same store basis.
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