July sales up 15% at Tandy Leather Factory
Tandy Leather Factory has posted sales of $5.8 million
for July, up 15% compared to sales of $5.1 million in July 2011. Year-to-date
sales are up 10% to $40.8 million in the current year from $36.9 million last
year.
Retail Leathercraft's sales rose 19% to $3.4 million
compared with $2.9 million in July 2011. Year-to-date sales for Retail
Leathercraft are $23.8 million this up 15% from $20.5 million during the same
period in 2011.
Wholesale Leathercraft posted sales of $2.1 million for
July, up 4% compared with July 2011 sales of $2 million. For the year to date,
Wholesale Leathercraft sales were $15.5 million compared with $15.3 million in
2011, up 2%.
International Leathercraft reported July sales of
$287,000, up 62% compared with July 2011 sales of $177,000. For the year to
date, International Leathercraft sales were $1.8 million compared with $1.2
million in 2011, up 47%.
Chief executive officer and president, Jon Thompson,
commented: "We have reported double digit sales gains in six of the last
twelve months and July was our 37th consecutive month of year-over-year sales
gains. We believe having our stores heavily stocked with product has
contributed significantly to our strong sales.
"Our buyers have been very proactive in locating large
quantities of product and negotiating competitive prices on that product. We
have taken an aggressive position with regard to our inventory investment but
believe it is a successful strategy as evidenced by our solid sales
growth."