- TANDY WIDENS LOSS: As Tandy Brands Accessories Inc. widened its fourth-quarter loss, the company said in its quarterly report that it hired investment banking firm Financo Inc. Financo was hired to help its board evaluate "strategic alternatives available to the company to increase shareholder value," the company said in the statement. The company said it does not intend to disclose developments regarding the process until a specific course of action has been approved by the board. Tandy made its announcement Wednesday when it posted fourth-quarter and year-end results. For the quarter ended June 30, Tandy widened its loss to $2.9 million, or 43 cents a diluted share, from $1 million, or 16 cents, a year ago. Sales dropped by 22.8 percent to $36.4 million from $47.1 million. Income for the year came in at $1.9 million, or 28 cents a diluted share, which is against a loss of $3.5 million, or 52 cents, last year. Sales declined by 13.9 percent to $195.8 million from $227.3 million.

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