A. Lee Graham
Tandy Leather Factory Inc. of Fort Worth has reported May sales of $6.4 million, up 8 percent compared to $5.9 million in the same month last year.
Year to date, sales for the month rose 4 percent, from $32.5 million in May 2013 to $33.7 million in the same month this year.
“Our May sales were very solid, reporting the highest month-over-month sales gain since last October,” said president and CEO Jon Thompson in a news release.
“After a weak April, our international stores came back strong this month. With only a few exceptions, all of our stores had a great month,” Thompson said.
The company’s Retail Leathercraft division saw sales rise 14 percent to $3.9 million compared to $3.5 million in the same month last year. The 76 comparable stores’ sales were up 12 percent for the month compared to the same period last year.
Meanwhile, sales for Wholesale Leathercraft dropped 2 percent to $2 million in May compared to $2.1 million in sales for the same month last year. Year to date, the division total $11.4 million, equal to sales in the same month last year.
Sales for the company’s International Leathercraft division rose 12 percent, from $329,000 in May 2013 to $369,000 for the same month this year. Year to date, the division’s sales reached inched up 4 percent, or $1.8 million, compared to $1.7 million in the same month 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 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.