Home / Knowledge / News / Fashion / Sales decline at Fort Worth-based Tandy Leather
Sales decline at Fort Worth-based Tandy Leather
Apr '08
Tandy Leather Factory Inc reported that sales for the month of March were $4.4 million, down 17% from March 2007 sales of $5.3 million. Year-to-date sales are down 9% to $13.3 million in the current year from $14.5 million last year. Tandy's new UK store, which opened in mid-February, reported March sales of $30,000.

Retail Leathercraft posted a 4% sales decrease for March, with sales totaling $2.1 million compared to $2.2 million in March 2007. The 65 comparable stores posted a 9% same store sales loss for the month. The 7 stores opened in or after March 2007 added sales for the month of $108,000. Year-to-date sales for Retail Leathercraft are $6.3 million this year, equal to that of the same period in 2007. As of the end of March, same store sales were down 6% for the year.

Wholesale Leathercraft posted sales of $2.2 million for March, down 25% from March 2007 sales of $2.9 million. Within the Wholesale Leathercraft division, the wholesale stores' same store sales were down 17% for the month while the National Account group posted a March sales decline of 67%.

For the year to date, Wholesale Leathercraft sales are $6.7 million compared to $7.9 million in 2007, a loss of 15%. The comparable wholesale stores posted a 12% sales decline for the year, while National Accounts reported a 34% sales loss. Mid-Continent's year-to-date sales were $160,000, down 11% from the same period in 2007.

Chief Executive Officer and President, Ron Morgan, commented, "In light of the difficult retail environment and the uncertainties in the U.S. economy overall, we are not really surprised with our March sales results. While there aren't too many good things to say about our sales in general, there are a few bright spots: Our Canadian stores continue to achieve sales gains which leads me to believe that their economy isn't struggling as much as the U.S. yet.

Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search