68.2 F
Fort Worth
Tuesday, September 22, 2020
- Advertisements -
Business Tandy Leather Factory reports February sales as unchanged

Tandy Leather Factory reports February sales as unchanged

Other News

Petalo, not Charmin: Virus brings Mexican toilet paper to US

By JOSEPH PISANI AP Retail Writer NEW YORK (AP) — Toilet...

Mall owners close to buying JC Penney out of bankruptcy

By ANNE D'INNOCENZIO AP Retail WriterNEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a...

At Home launches collection with Fort Worth connection

At Home Group Inc. (NYSE: HOME), The Home Décor Superstore, has debuted an exclusive collection with interior...

Former Toys ‘R’ Us reopens as Havertys in Southlake

HAVERTYS (NYSE: HVT and HVT.A) will officially open its new store in Southlake Corners on Friday, August 21, 2020. The 32,300 square...
Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

A. Lee Graham

Reporter

Tandy Leather Factory Inc. of Fort Worth has reported February sales as unchanged from the same month last year.

Year to date, sales for the month rose 3 percent, from $12.6 million to $12.9 million, compared to the same period last year.

“February was a challenge, but we managed to match last year’s sales for the month,” said president and CEO Jon Thompson in a news release.

“We opened a new store in February, expanding our local presence in the Austin, Texas market. Despite the less than perfect conditions in the retail sector, we are moving forward with our growth plans by increasing the size of our existing stores and opening new ones as appropriate,” Thompson said.

The company’s Leathercraft division saw sales rise 2 percent to $3.9 million compared to $3.8 million in sales the same month last year. The 76 comparable stores’ sales were up 1 percent for the month compared to the same period last year.

Meanwhile, year-to-date sales for Retail Leathercraft stand at $7.8 million this year, a 4 percent increase over sales of $7.5 million for the same period last year. As of the end of February, the 76 comparable stores’ sales were up 3 percent compared to sales reported for the same period in 2013.

Sales for the company’s Wholesale Leathercraft division fell 4 percent, from $2.2 million in February 2013 to $2.1 million the same month this year. Year to date, the division’s sales reached $4.4 million, matching sales for the same period last year.

International Leathercraft sales for February reached $313,000, up 5 percent compared to the same month last year. Year to date, International Leathercraft sales totaled $722,000 compared to $663,000 in 2013, a 9 percent increase.

Tandy Leather Factory Inc. sells and distributes leather, leatherworking tools, do-it-yourself-kits and many other products. Its products are distributed through its 29 Leather Factory stores, located in 19 states and three Canadian provinces; 80 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.

lgraham@bizpress.net

 

 

- Advertisements -
- Advertisements -

Latest News

Powell and Mnuchin voice optimism but back more economic aid

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin...

Wall Street steadies itself, halting 4-day losing streak

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks on Wall Street shrugged off an...

Powell: Many small companies can borrow without Main Street

By CHRISTOPHER RUGABER AP Economics WriterWASHINGTON (AP) — Federal Reserve Chair Jerome Powell says that many mid-size U.S. businesses are now able...

Ascension Coffee, ZAAP Kitchen announce openings in Fort Worth

 An Australian-style coffee shop and cafe and a restaurant focusing on Thai Street food and Lao cuisine are coming to Fort Worth.

Transwestern listing downtown Fort Worth office building with modern renovations

Transwestern Real Estate Services on Sept. 21 announced it is the exclusive sales agent for Winfield Place, a 33,064-square-foot, three-story office building...