- FASHION ACCESSORIES
Tandy Leather Factory has posted sales of $5.8 million in July, up 15% compared to sales of $5.1 million in the same period a year ago. Year-to-date sales are up 10% to $40.8 million in the current year from $36.9 million last year.
Sales of company division Retail Leathercraft 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.
Another division 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%.
Meanwhile, 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."