By  on November 17, 2008

Tandy Brands Accessories Inc. managed to cut back on its expenses faster than customers cut back on orders, allowing the company to trim its first-quarter loss by more than a quarter.

In the three months ended Sept. 30, the Arlington, Tex.-based firm registered a net loss of $1.3 million, or 18 cents a diluted share, below the loss of $1.7 million, or 25 cents, logged in the comparable year-ago period.

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