NEW YORK — Cost controls allowed Elder-Beerman Stores Corp. to narrow its loss in the third quarter even as sales continued to slump.

For the three months ended Nov. 2, the Dayton, Ohio–based regional department store company posted a net loss of $2.1 million, or 19 cents a diluted share. That compares favorably with last year’s loss of $6.8 million, or 60 cents.

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