NEW YORK ( TheStreet -- Charming Shoppes ( CHRS) is tanking despite a narrower fourth-quarter loss, as sales miss expectations. During the quarter, the plus-size women's apparel retailer lost $28 million, or 24 cents a share, compared with a loss of $114 million, or 99 cents, in the year-ago period for Charming Shoppes. Excluding impairment charges, Charming Shoppes actually lost 10 cents a share, better than the 13 cent loss analysts predicted. Sales toppled 15% to $539 million, missing Wall Street's forecast of $558.6 million. Same-store sales tumbled 12%, hurt by the closing of 152 locations. Online sales were the bright spot of the quarter, jumping 10%. The disappointing results come as Charming Shoppes cut expenses by $36 million. Shares of Charming Shoppes are plunging 15% to $5.70 in morning trading. -- Reported by Jeanine Poggi in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.