NEW YORK — Blair Corp. said a significant reduction in expenses and cost of goods sold paved the way to third-quarter profitability against a prior-year loss.

For the three months ended Sept. 30, the Warren, Pa.-based company steered its way to net income of $279,386, or 3 cents a diluted share, reversing a loss of $3.3 million, or 42 cents, in the same period last year. Sales notched down 4.2 percent to $117.8 million from $123 million.

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