Tandy Leather Factory Inc. of Fort Worth has reported January sales of $6.7 million, down 5 percent compared to $7 million in the same month last year.
“We haven’t started the year as well as we would like. However, there were two things working against us in January,” said president and CEO Jon Thompson, commenting in a news release.
Those were one less selling day compared to last year and the negative impact of the strong U.S. dollar on the company’s international operations, Thompson said.
“We will pick up the selling day in February,” Thompson said.
The company’s Retail Leathercraft division saw sales drop 2 percent to $4.3 million compared to $4.4 million in the same month last year.
Meanwhile, sales for Wholesale Leathercraft reached $2.1 million for January 2016, down 8 percent compared to $2.3 million in the same month last year.
Sales for the company’s International Leathercraft division dropped 16 percent, from $349,000 in January 2015 to $293,000 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 www.tandyleatherfactory.com.