Tandy Leather (TLF) Sales Up 15% in July
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Tandy Leather Factory, Inc. (Nasdaq: TLF) reported today that sales for the month of July were $5.8 million, up 15% compared to July 2011 sales of $5.1 million. Year to date sales are up 10% to $40.8 million in the current year from $36.9 million last year.
Retail Leathercraft's sales rose 19% to $3.4 million compared to July 2011 sales of $2.9 million. All 77 stores are considered comparable stores in July, posting a same store sales increase of 19% over the same period last year. Year-to-date sales for Retail Leathercraft are $23.8 million this year, a 15% increase over sales of $20.5 million for the same period of 2011. As of the end of July, the 76 comparable stores' sales were up 14% compared to sales reported for the same period in 2011.
Wholesale Leathercraft posted sales of $2.1 million for July, up 4% compared to July 2011 sales of $2.0 million. Within the Wholesale Leathercraft division, the wholesale same store sales were up 12% for the month while the National Account group's sales were down 45% from July 2011. For the year to date, Wholesale Leathercraft sales are $15.5 million compared to $15.3 million in 2011, up 2%. As of the end of July, the wholesale same store sales were up 5% compared to the same period last year and the National Account group's sales are down 31%.
International Leathercraft reported July sales of $287,000, up 62% compared to July 2011 sales of $177,000. July same store sales, representing the UK store, were equal to that of July 2011, totaling $177,000, while the new Australia and Spain stores, opened in October 2011 and January 2012, respectively, added July sales of $110,000. For the year to date, International Leathercraft sales were $1.8 million compared to $1.2 million in 2011, up 47%. As of the end of July, same store sales were down 3% compared to the sales reported for the same period in 2011.
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Retail Leathercraft's sales rose 19% to $3.4 million compared to July 2011 sales of $2.9 million. All 77 stores are considered comparable stores in July, posting a same store sales increase of 19% over the same period last year. Year-to-date sales for Retail Leathercraft are $23.8 million this year, a 15% increase over sales of $20.5 million for the same period of 2011. As of the end of July, the 76 comparable stores' sales were up 14% compared to sales reported for the same period in 2011.
Wholesale Leathercraft posted sales of $2.1 million for July, up 4% compared to July 2011 sales of $2.0 million. Within the Wholesale Leathercraft division, the wholesale same store sales were up 12% for the month while the National Account group's sales were down 45% from July 2011. For the year to date, Wholesale Leathercraft sales are $15.5 million compared to $15.3 million in 2011, up 2%. As of the end of July, the wholesale same store sales were up 5% compared to the same period last year and the National Account group's sales are down 31%.
International Leathercraft reported July sales of $287,000, up 62% compared to July 2011 sales of $177,000. July same store sales, representing the UK store, were equal to that of July 2011, totaling $177,000, while the new Australia and Spain stores, opened in October 2011 and January 2012, respectively, added July sales of $110,000. For the year to date, International Leathercraft sales were $1.8 million compared to $1.2 million in 2011, up 47%. As of the end of July, same store sales were down 3% compared to the sales reported for the same period in 2011.
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