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

Pic: Shutterstock

Textiles | On 24th Jul 2021

5.2 lakh Zimbabwean homes to gain from Pfumvudza cotton inputs scheme

At least 520,000 households in the marginalised zones of Zimbabwe...

Pic: Lanzatech

Textiles | On 24th Jul 2021

US' LanzaTech, Lululemon to make yarn from recycled carbon emissions

LanzaTech has joined hands with Lululemon athletica, an athletic...

Pic: HOdo Group

Apparel/Garments | On 24th Jul 2021

Chinese apparel firm HOdo exports carbon-offset clothing

Apparel brand HOdo has claimed producing and exporting China’s first...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

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


July 2021

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


Advanced Search