Home / Knowledge / News / Fashion / Tandy Leather retail business is fairly solid in July
Tandy Leather retail business is fairly solid in July
Aug '08
Tandy Leather Factory Inc reported that sales for the month of July were $4.2 million compared to $4.3 million in July 2007, down 2%. Year to date sales are down 3% at $31.4 million in the current year from $32.3 million last year. Tandy's UK store, which opened in mid-February, reported July sales of $89,000 and $326,000 year-to-date.

Retail Leathercraft posted a 6% sales increase for July, with sales totaling $2.0 million compared to $1.9 million in July 2007. The 68 comparable stores posted a 3% same store sales gain for the month. The 4 stores opened in or after July 2007 added sales for the month of $73,000. Year-to-date sales for Retail Leathercraft are $14.5 million this year, a 3% increase over year-to-date 2007 sales of $14.1 million. As of the end of July, same store sales were down 2% for the year.

Wholesale Leathercraft posted sales of $2.0 million for July, down 12% from July 2007 sales of $2.4 million. Within the Wholesale Leathercraft division, the wholesale stores' same store sales were down 13% for the month while the National Account group posted a July sales decline of 7%. For the year to date, Wholesale Leathercraft sales are $16.0 million compared to $17.5 million in 2007, a loss of 8%. The stores and National Accounts posted a 9% and 5% sales decline for the year, respectively.

Chief Executive Officer, Ron Morgan, commented, "Again this month, as was the case in June, our retail business is fairly solid, all things considered. It's our wholesale business that continues to struggle. In looking at the wholesale stores individually, we had half of the stores with sales gains and half with sales losses. Unfortunately, the losses more than offset the gains. As we have mentioned numerous times, this is a tough environment but we will get through it. It takes a lot of extra effort and probably more importantly, patience."

Shannon Greene, Chief Financial Officer and Treasurer, added, "Our Canada stores again outperformed the US stores as they contributed sales gains in both divisions (Retail and Wholesale). And we continue to be pleased with the revenue at our UK store. Despite the difficult economic situation, we are holding our own in most areas of our business."

Tandy Leather Factory Inc

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

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Harsh Shah

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

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Eamonn Tighe
Nature Works LLC

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Prathyusha Garimella
Prathyusha Garimella

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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