Legal settlement dents Tandy Leather’s profits
08/11/2012
US-based leathergoods retailer Tandy Leather has felt the pinch of a $1 million legal settlement in its third quarter results, with net income down 66%. For the quarter ending September 30, net income was $281,000 compared with $830,000 for the third quarter last year. However, sales were $17 million, up 10% from $15.4 million last year. Chief ...