Home / Knowledge / News / Fashion / National Account reports April sales gain of 113%
National Account reports April sales gain of 113%
02
May '08
Tandy Leather Factory Inc reported that sales for the month of April were $4.7 million, up 10% from April 2007 sales of $4.3 million. Year to date sales are down 4% to $18.0 million in the current year from $18.9 million last year. Tandy's new UK store, which opened in mid-February, reported April sales of $42,000.

Retail Leathercraft posted a 5% sales increase for April, with sales totaling $2.0 million compared to $1.9 million in April 2007. The 67 comparable stores posted a 1% same store sales gain for the month. The 5 stores opened in or after April 2007 added sales for the month of $79,000. Year-to-date sales for Retail Leathercraft are $8.3 million this year, up 1% over last year's sales of $8.2 million. As of the end of April, same store sales were down 4% for the year.

Wholesale Leathercraft posted sales of $2.6 million for April, up 15% from April 2007 sales of $2.3 million. Within the Wholesale Leathercraft division, the wholesale stores' same store sales were up 4% for the month while the National Account group posted a April sales gain of 113%.

For the year to date, Wholesale Leathercraft sales are $9.3 million compared to $10.2 million in 2007, a loss of 9%. The comparable wholesale stores posted an 8% sales decline for the year, while National Accounts reported a 10% sales loss. Mid-Continent's year-to-date sales were $210,000, down 20% from the same period in 2007.

Chief Executive Officer and President, Ron Morgan, commented, "Our April sales results finally give us some good news to report and that is encouraging. I am especially pleased with the wholesale side of the business given that it's what started the weakening sales trend some 15 months ago. The sales gain in our National Accounts was primarily due to timing of orders and shipments between March and April.

However, one month does not make a trend and I do not believe that the weakness in our sales, retail or wholesale, is over. We will continue to do things that encourage customers to buy our product with the dollars that they have to spend but the competition for those dollars is stiff. Managing the right balance between sales and gross profit will be a primary focus in the coming months."

Tandy Leather Factory Inc


Must ReadView All

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

China’s JD.com announces financing pacts for JD Logistics

Textiles | On 21st Feb 2018

China’s JD.com announces financing pacts for JD Logistics

China’s largest retailer JD.com Inc recently announced it has entered ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search