Tandy Leather Factory Inc. of Fort Worth has reported February sales of $6.8 million, up 1 percent compared to $6.7 million in the same month last year.
“Our February sales were softer than we prefer, even with the extra selling day,” said interim CEO Shannon L. Greene, commenting in a news release.
Several stores had what Greene called very strong sales that compensated for weaker sales from other stores.
“The pressure on international operations continues due to the fluctuation in foreign currency exchange rates compared to a year ago,” Greene said.
The company’s Retail Leathercraft division saw sales rise 2 percent to $4.4 million compared to $4.3 million in the same month last year.
Meanwhile, sales for Wholesale Leathercraft reached $2.2 million for February 2016, down 1 percent compared to $2.2 million in the same month last year.
Sales for the company’s International Leathercraft division rose 8 percent, from $282,000 in February 2015 to $306,000 in the same month this year.
Tandy Leather Factory Inc. sells and distributes leather, leatherworking tools, do-it-yourself-kits and many other products. Its products are distributed through its 28 Leather Factory stores, located in 19 states and three Canadian provinces; 82 Tandy Leather retail stores, located in 36 states and six Canadian provinces; and three combination wholesale-retail stores in the United Kingdom, Australia and Spain.
More information is available at tandyleatherfactory.com.