By  on May 19, 2009

Weak consumer spending, conservative inventory management and one-time charges contributed to a higher third-quarter loss at Tandy Brands Accessories.

In the three months ended March 31, the Arlington, Tex.-based manufacturer recorded a net loss of $12.3 million, or $1.78 a diluted share, versus a loss of $2.2 million, or 32 cents a share, in fiscal 2008.

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