Tandy Leather reports drop in sales in June - leatherbiz: Leading news Leatherbiz

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Tandy Leather reports drop in sales in June

08/07/2016
Leather and leathergoods retailer Tandy Leather Factory said its total sales in June, which came in at $6 million, were down 4% on the same month of 2015. Year-to-date sales for 2016 were $40.4 million, a 1% drop on the same period last year.

Retail Leathercraft sales decreased 5% to $3.9 million and Wholesale Leathercraft also saw a 5% drop in sales to $2 million. Wholesale Leathercraft sales rose 19% to $310,000.

“Overall, our June sales were disappointing but not unexpected as the retail environment continues to be somewhat choppy,” said Shannon Greene, Tandy CEO.

Tandy President Mark Angus added that the company was focusing on “protecting profit margins” in a “tough retail environment”.

Related stories:

Slight dip in sales for Tandy in 2016 10/03/2017
Tandy appoints new chief financial officer 10/02/2017
Tandy ends 2016 on a high 06/01/2017
Tandy targets “strong finish” to 2016 02/12/2016
“Challenging year” continues for Tandy 04/11/2016
Tandy launches Philadelphia retail store 20/10/2016
Tandy sales flat in “soft” market 02/09/2016
“Struggling” international sales for Tandy 05/08/2016
Tandy Leather CEO steps down following sales drop 19/02/2016
Business getting tougher, says Tandy Leather 12/11/2015
Increased demand for leather hurts Tandy 13/05/2015
Why greater leather sales mean smaller profit for Tandy 05/12/2014
Tandy Leather ends 2012 on a high note 07/01/2013

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