Upscale retailer Neiman Marcus
Adjusted for charges, such as a non-cash impairment costs and a pension curtailment gain, Neiman said its loss in the quarter was $32.6 million.
Neiman, which runs both its namesake and Bergdorf Goodman stores, faced a 21.4 percent drop in second quarter sales to $1.08 billion, while same-store sales fell 22.8 percent.
The company has also said that it will cut out or delay some projects to give itself additional liquidity.
Neiman, like other upscale retailers Saks Inc
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(Reporting by Aarthi Sivaraman; Editing by Derek Caney)