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SEATTLE (

TheStreet

) -- Department store

Dillard's

(DDS) - Get Dillard's, Inc. Class A Report

narrowed its loss in the second-quarter and managed to beat Wall Street's estimates.

During the quarter, the company recorded a loss of $26.7 million, or 36 cents a share, compared with a loss of $38.3 million, or 51 cents, in the year prior. Analysts expected a loss of 56 cents.

The company said a better-than-expected profit was a result of cost cuts and leaner inventory.

Dillard's sales tumbled 11% to $1.43 billion, while total same-store sales plunged 18%l.

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-- Reported by Jeanine Poggi in New York.

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