Loss widens at Pacific Sunwear
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Pacific Sunwear of California posted a wider loss in its fiscal second quarter as sales fell 10% and issued a third-quarter outlook that partly fell below analyst expectations. Pacific Sunwear reported a loss of $23.5 million in the three-month period ended July 31, compared with a loss of $14.2 million in the year-ago quarter.Revenue dropped to $218.3 million from $242.8 million last year, but the company said buying trends in its young men's division improved. Same-store sales slid 10% in the quarter.