Chatsworth Toy Maker Narrows 3rd-Quarter Loss

With Design in Mind International Inc. said its net loss narrowed for the third quarter and nine months ended Sept. 30, even though sales plunged on lower orders from retailers struggling with the weak economy.

The Chatsworth maker of toys and novelty gifts posted a net loss of $752,135, compared with a year-earlier net loss of $1.8 million. Sales in the latest quarter fell 73% to $200,572, down from $736,829 a year ago.

For the nine months, With Design reported a $1.7-million net loss, compared with a net loss of $4.3 million in the same period of 1992. Sales dropped 71%, to $474,315 from $1.6 million.