Tandy Leather Factory hires money man to aid ‘transformation’
US-based retailer Tandy Leather Factory has hired Steve Swank from Sears Hometown Stores as its chief financial officer.
Mr Swank brings over 25 years of finance, accounting, planning and other relevant experience in a broad range of retail companies, including Sears-branded companies, where he spent the last 11 years.
He started his career at Fort Worth-headquartered Tandy Corporation in buying and merchandising.
"We are thrilled to have Steve join our team to lead our finance and accounting function and to play a key role in Tandy's transformation story. His broad range of finance roles and deep retail experience, combined with his proven team-building and strategic thinking skills, make him an excellent and unique fit for our team," said Janet Carr, CEO of the company.
"It's an exciting time to be joining Tandy Leather," Steve Swank said. "I'm looking forward to being part of the team that can take this 100-year-old heritage brand onto a path of growth to unlock value for shareholders."
Tandy Leather Factory distributes its products through its 108 North American stores and six Canadian provinces, and one international store located in Spain.
The company has had a difficult few years financially, including falling sales, delayed financial reporting and it has closed international stores.
