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Syms narrows loss in Q1

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Secaucus, N.J. Syms Corp. said Thursday that it narrowed its loss in the first quarter as sales improved following its acquisition of Filene's Basement.

The company reported a loss of $809,000 versus a loss of $2 million in the same quarter of the prior year.

Revenue more than doubled to $121.5 million from $50.3 in the prior-year quarter, reflecting the impact of Filene's Basement.

Syms acquired Filene's in second quarter 2009.

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