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 NEW YORK (AP) - Luxury retailer Saks Inc. posted a second-quarter loss Tuesday, reversing a year-earlier profit, due in large part to sharply lower revenue following the sale of its Northern Department Store Group.
For the quarter ended July 29, the company's loss totaled $51.9 million, or 38 cents per share, versus a prior-year profit of $8.2 million, or 6 cents per share.
The quarter's results include $13.9 million in charges for stock options, severance and asset impairments and sales.
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