Apparel trim company Tag-It Pacific has suffered a 46.8 per cent slump in second-quarter sales, on reduced demand for trim on the Mexican market.

Quarterly net sales were US$8m compared to sales of $17m last year, also affected by a decrease in sales of Talon zips in Mexico.

Net sales for the nine months ended 30 September fell 3.6% to $40.6m compared to $42.1m a year ago.

Third-quarter net loss totalled about $10.4m compared to income of $211,000 last year.

Nine-month net loss was about $23.3m compared to a loss of $201,000 a year ago.

Tag-It specialises in the distribution of a full range of trim items to manufacturers of fashion apparel, specialty retailers and mass merchandisers.