Good news at last for Tandy
Leather retailer Tandy Leather Factory has reported that sales for the month of April were $4.7 million, up 10% from April 2007. Year to date sales are down 4% to $18.0 million in the current year from $18.9 million last year, but the company’s new UK store, which opened in mid-February, reported April sales of $42,000.
Chief executive and president, Ron Morgan, commented: “Our April sales results finally give us some good news to report and that is encouraging. I am especially pleased with the wholesale side of the business given that it's what started the weakening sales trend some 15 months ago. The sales gain in our National Accounts was primarily due to timing of orders and shipments between March and April. However, one month does not make a trend and I do not believe that the weakness in our sales, retail or wholesale, is over. We will continue to do things that encourage customers to buy our product with the dollars that they have to spend but the competition for those dollars is stiff. Managing the right balance between sales and gross profit will be a primary focus in the coming months.”
