A. Lee Graham
Tandy Leather Factory Inc. of Fort Worth has reported November sales of $8.4 million, up 11 percent compared to $7.6 million in the same month last year.
Year to date, sales are up 5 percent, from $70.9 million last year to $74.8 million in the current year.
“We did well in November, setting a record for the highest monthly sales in our history and beating our internal sales goals for Black Friday weekend,” said president and CEO Jon Thompson in a news release.
The company’s Retail Leathercraft division saw sales rise 17 percent to $5.3 million compared to $4.5 million in the same month last year. The 76 comparable stores’ sales were up 14 percent for the month compared to the same period last year. Six stores opened since November 2013 added $213,000 to the monthly sales tally.
Meanwhile, sales for Wholesale Leathercraft reached $2.7 million for November, matching sales for the same month last year. Wholesale same-store sales were up 5 percent compared to the same month last year. Year to date, the division total is $24.7 million, down 1 percent compared to the same period last year.
Sales for the company’s International Leathercraft division rose 5 percent, from $378,000 in September 2013 to $398,000 for the same month this year. Year to date, the division’s sales reached inched up 8 percent, reaching $3.9 million, compared to $3.6 million last 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 18 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.