Kidpik‘s net loss improved despite lower sales in the second quarter as the company eliminated some expenditures prior to its merger with Nina Footwear.

The company’s net loss stood at $1.3 million while revenue plunged 67.3 per cent to $1.1 million.

“While we work towards closing the merger, we have eliminated marketing expenditures for subscription services and ceased the purchase of new inventory as we are working to clear and maximize the return on our current inventory in anticipation of the combination with Nina Footwear,” said Ezra Dabah, Kidpik chairman, president and CEO.

“We and Nina Footwear remain committed to closing the Merger, a transaction which we believe will increase Kidpik’s revenue, cashflow and prospects, while also strengthening Kidpik’s balance sheet and significantly increasing stockholder value.”

The merger is expected to close in the fourth quarter, with Nina Footwear as the surviving entity.