Sales at Tandy continue to rise
Tandy Leather Factory has posted sales of $4.4 million for May, up 3% from $4.2 million in May 2009. Year-to-date sales are up 9% to $23.9 million compared with $22.1 million during the same period last year.
Retail Leathercraft sales rose 8% in May to $2.3 million from $2.1 million. The two stores opened since May 2009 added May sales of $30,000. Year-to-date sales for Retail Leathercraft are $12.5 million, a 14% increase over sales of $10.9 million for the same period of 2009.
Wholesale Leathercraft posted sales of $1.9 million, up 1% from May 2009 sales of $1.9 million. For the year to date, Wholesale Leathercraft sales were $10.8 million compared with $10.3 million in 2009, up 5%.
International Leathercraft sales rose 17% in May to $115,000 compared with $98,000. Year-to-date sales were $622,000, a 29% increase over sales of $481,000 for the same period of 2009. International Leathercraft consists of one store in the UK.
Chief executive officer and president, Jon Thompson, said: "All three divisions again reported positive sales results, though May sales weren't quite as strong as they have been for the first four months of the year. Regardless, our retail division has reported monthly sales gains for eighteen consecutive months, our wholesale division has reported seven months of consecutive sales gains, and our international division has reported sales gains for 27 consecutive months. No matter how you look at it, that is a pretty good trend."
