US accessories designer, Tandy Brands Accessories, Inc. has announced that net sales for the fourth quarter ended June 30, 2005, decreased 3.6% to $42.9 million compared with $44.5 million for the same period last year. The company reported a net loss for the fourth quarter of $2.1 million compared with net income of $129,000 in the prior year's fourth quarter. However, these results were in-line with the financial results previously announced on August 12.

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