Cygne Designs Inc, a private label manufacturer of women's career and casual apparel, reported net sales for the third quarter ended 3 November 2001 were $11.810m, an increase of $ 3.460m, or 41 per cent on the comparable prior period.

The increase in net sales was primarily attributable to sales to its new customers of $6.089m, partially offset by decreased sales of $2.555m to its existing customer, The Limited Inc.

Net sales for the nine months ended 3 November 2001 were $31.270m, an increase of $11.032m, or 55 per cent from the comparable prior period in 2000.

The Limited Inc accounted for 49 per cent of the sales for the third quarter ended 3 November 2001, as compared to 97 per cent in the comparable prior period in 2000, and 52 per cent for the nine months of 2001 as compared to 97 per cent in the comparable period in 2000.