Men's wear retailer S&K Famous Brands has reported a third-quarter loss and sales decrease.

Quarterly loss totalled US$214,000 compared to income of $170,000 in the same period last year.

Third-quarter net sales were $42.0m compared to $42.6m a year ago, as same-store sales slipped 1%.

For the nine months ended 29 October 2005, net income increased 30% to $2.4m compared to $1.8m last year.

Total sales increased 4.7% to $140.3mcompared to $134.0m for the first nine months of last year. Same-store sales for the nine months increased 4.7% over last year.

S&K is a retailer of value-priced men's wear, operating 236 stores in the US.