Caché Inc. swung to a loss in the third quarter as consumers tightened spending on discretionary items.

For the quarter ended Sept. 27, the New Yorkbased 295-unit specialty chain had a net loss of $1.6 million, or 12 cents a diluted share, compared with net income of $161,000, or 1 cent a share, for the same period last year. The loss in the 2008 quarter included store closing costs of 2 cents a share. Net sales fell 4 percent to $58.1 million, from $60.6 million in the 2007 period, and same-store sales declined 4 percent.

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