Home / Knowledge / News / Fashion / Tandy Leather UK store sales ramp up in May
Tandy Leather UK store sales ramp up in May
06
Jun '08
Tandy Leather Factory Inc reported that sales for the month of May were $4.5 million, down 1% from May 2007 sales of $4.6 million. Year-to-date sales are down 4% to $22.6 million in the current year from $23.5 million last year. Tandy's new UK store, which opened in mid-February, reported May sales of $58,000.

Retail Leathercraft posted an 8% sales increase for May, with sales totaling $2.0 million compared to $1.9 million in May 2007. The 67 comparable stores posted a 3% same store sales gain for the month. The 5 stores opened in or after May 2007 added sales for the month of $86,000. Year-to-date sales for Retail Leathercraft are $10.4 million this year, up 3% over last year's sales of $10.1 million. As of the end of May, same store sales were down 3% for the year.

Wholesale Leathercraft posted sales of $2.4 million for May, down 8% from May 2007 sales of $2.6 million. Within the Wholesale Leathercraft division, the wholesale stores' same store sales were down 10% for the month while the National Account group posted a May sales gain of 3%.

For the year to date, Wholesale Leathercraft sales are $11.7 million compared to $12.7 million in 2007, a loss of 8%. The comparable wholesale stores posted a 9% sales decline for the year, while National Accounts reported an 8% sales loss. Mid-Continent's year-to-date sales were $260,000, down 22% from the same period in 2007.

Chief Executive Officer and President, Ron Morgan, commented, "For the retail stores, this is the first back-to-back same store sales gain since July/August of last year so that is good to see. The wholesale stores struggled in May, which is frustrating after performing so well in April. The Canada stores are still outperforming the US stores in terms of sales gains.

All nine Canada stores, retail and wholesale, reported sales gains in May. Our UK store is ramping up well as its sales have increased nicely every month since we opened the store. In this tough economic environment, particularly in the US, we'll take all of the small successes we can get and do what we can to keep the disappointments to a minimum."

Tandy Leather Factory Inc


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Urmil Arya

Sushila International, a well established textile organisation established ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

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