This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tandy Leather Factory, Inc. Sets Sales Record In December; Sales Up 12% Over December 2009

FORT WORTH, Texas, Jan. 6, 2011 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) reported today that sales for the month of December were $6.2 million, up 12% from $5.6 million in December 2009. Year to date sales are up 9% to $59.9 million in the current year compared to $55.0 million last year.

Retail Leathercraft's sales rose 15% to $3.7 million compared to December 2009 sales of $3.2 million. The 75 comparable stores' sales were up 14% for the month compared to the same period last year. The one store opened since December 2009 added December sales of $35,000. For the year, Retail Leathercraft were $32.3 million, a 15% increase over sales of $28.1 million for 2009. The 74 comparable stores' sales were up 14% for the year compared to 2009 sales. 

Wholesale Leathercraft posted sales of $2.4 million for December, up 6% from December 2009 sales of $2.3 million. Within the Wholesale Leathercraft division, the wholesale stores' sales were up 10% from last year's December sales while the National Account group's sales were down 45% compared to December 2009. Wholesale Leathercraft sales were $25.9 million for the year compared to $25.1 million in 2009, up 3%. For the year, the wholesale stores' sales were up 5% compared to last year while the National Account group's sales were down 8%.         

International Leathercraft's sales rose 31% to $148,000 in the current month compared to December 2009 sales of $113,000. Sales for the year were $1.7 million, a 29% increase over sales of $1.3 million for 2009. International Leathercraft consists of one store located in the UK.

Chief Executive Officer and President, Jon Thompson, commented, "We finished the year well – setting new monthly and annual sales records. More than 90% of our stores reported sales gains for the year. By way of comparison, only 75% of our stores reported sales gains in 2009. We certainly like that trend." 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,619.51 +23.16 0.13%
S&P 500 2,063.12 +5.48 0.27%
NASDAQ 4,986.8670 +28.3990 0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs