Tandy Brands to lay off 94 workers in stages through February 28, 2014 as the Dallas-based designer and maker of men's, women's and children's accessories continues to shutter the company and sell of its assets. The company announced in January that it was closing and selling its assets to pay off $29 million in debt. Tandy Brands had struggled with financial and operational losses for years.

The decision to liquidate came after Tandy Brands defaulted on its loans after recording financial losses since 2008.