Tandy Leather Factory is a specialty retailer and wholesale distributor of a broad product line, including leather, leather-working tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The company sells and distributes its product line through its 29 Leather Factory stores, 77 Tandy Leather stores, and three combination retail/wholesale stores in the United Kingdom, Australia, and Spain.
The company reported today that its sales for the month of June were $5.5 million, up 5 percent compared to June 2011 sales of $5.3 million. Year-to-date sales for Tandy are also solidly higher, rising 10 percent to $35 million from $31.9 million for the first six months of last year. Tandy said it was particularly pleased with the performance of its wholesale stores, which are showing sales gains at the top end of internal expectations.
The wholesale leathercraft division posted sales of $2 million for June, down 2 percent compared to the year-ago period. However, wholesale same store sales were up 6 percent in June. For the year-to-date, wholesale leathercraft sales are $13.4 million versus $13.2 million in the year ago period while wholesale same store sales are posting a gain of 4 percent.
Retail leathercraft sales in June rose 9 percent to $3.2 million, compared to sales of $2.9 million in June 2011. Same store sales for June increased by 9 percent versus 2011 levels. Year-to-date sales at the retail leathercraft division are $20.1 million, a 14 percent increase from over sales of $17.6 million for the same period of 2011.
June international leathercraft sales came in at $242,000, which is higher by 19 percent compared to June 2011 sales of $203,000. For the year-to-date, international leathercraft sales are up 44 percent from last year’s $1 million to $1.5 million.
For further information about Tandy Leather Factory and its products, please visit the company’s website at www.tandyleatherfactory.com
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