Tandy Leather Factory reports October sales drop

Tandy Leather Factory

Tandy Leather Factory Inc. of Fort Worth has reported October sales of $6.5 million, down 5 percent compared to $6.9 million in the same month last year.

“Our sales decline this month was partially due to one less selling day this year compared to last year, which we will get back last month,” said CEO Shannon L. Greene, commenting in a news release.

“Even so, the year continues to be a challenging one,” Greene said.

The company’s Retail Leathercraft division saw sales drop 4 percent to $4.2 million compared to $4.4 million in the same month last year.

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Meanwhile, sales for Wholesale Leathercraft dropped to $2.0 million for October 2016, down 10 percent compared to $2.2 million in the same month last year.

Sales for the company’s International Leathercraft division rose 13 percent, from $277,000 in October 2015 to $314,000 in the same month this year.

Tandy Leather Factory Inc. sells and distributes leather, leather-working tools, do-it-yourself-kits and many other products. Its products are distributed through its 27 Leather Factory stores, located in 18 states and three Canadian provinces; 82 Tandy Leather retail stores, located in 36 states and six Canadian provinces; and four combination wholesale-retail stores in the United Kingdom, Australia and Spain.

More information is available at tandyleatherfactory.com