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.

The third-quarter loss included a $7.5 million noncash inventory writedown, which stemmed from its adoption of a new inventory life cycle and a shift away from the manufacture of low-margin products, the company said. The loss also included a charge of $844,000 tied to a corporate restructuring plan.

Sales in the quarter fell 16.6 percent to $25.1 million from $30.1 million a year ago. “The retail environment continues to be very challenging, and our sales results reflect those difficulties,” said president and chief executive officer Rod McGeachy.

In January, the company said it would eliminate 17 percent of the salaried workforce to cut costs. Tandy Brands did not reveal the number of employees affected but as of June 30, 2008, the firm counted 568 full-time workers, which put the job loss just below 100 positions.

For the nine months ended March 31, Tandy Brands reported a loss of $12.6 million, or $1.82 a share, compared with a loss of $44.6 million, or $6.52 a share, in 2008. The previous year’s period included $36.5 million in charges. Sales in the three quarters fell 13.9 percent to $102.6 million from $119.1 million.