Jaclyn Inc, the designer, manufacturer and marketer of apparel, handbags and related accessories said sales and earnings for the for the first quarter ended 30 September 2001 were lower than last year's results, reflecting ongoing weak consumer demand.

Net Sales for the three-month period were $18.22m compared to $20.12m for last year's first fiscal quarter. The company reported net earnings of $53,000, or $.02 per share, for the quarter ended 30 September 2001. This compared to net earnings for the same period in 2000 of $134,000, or $.05 per share.