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Tandy Leather Factory Reports August 2012 Sales Up 9% Over August 2011

FORT WORTH, Texas, Sept. 6, 2012 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) reported today that sales for the month of August were $5.8 million, up 9% compared to August 2011 sales of $5.3 million. Year to date sales are up 10% to $46.6 million in the current year from $42.3 million last year.

Retail Leathercraft's sales rose 10% to $3.3 million compared to August 2011 sales of $3.1 million. All 77 stores are considered comparable stores in August, posting a same store sales increase of 10% over the same period last year. Year-to-date sales for Retail Leathercraft are $26.8 million this year, a 14% increase over sales of $23.5 million for the same period of 2011. As of the end of August, the 76 comparable stores' sales were up 13% compared to sales reported for the same period in 2011. 

Wholesale Leathercraft posted sales of $2.2 million for August, up 4% compared to August 2011 sales of $2.1 million. Within the Wholesale Leathercraft division, the wholesale same store sales were up 9% for the month while the National Account group's sales were down 40% from August 2011. For the year to date, Wholesale Leathercraft sales are $17.7 million compared to $17.4 million in 2011, up 2%. As of the end of August, the wholesale same store sales were up 5% compared to the same period last year and the National Account group's sales are down 32%.       

International Leathercraft reported August sales of $262,000, up 70% compared to August 2011 sales of $154,000. August same store sales, representing the UK store, were equal to that of August 2011, totaling $154,000, while the new Australia and Spain stores, opened in October 2011 and January 2012, respectively, added August sales of $108,000. For the year to date, International Leathercraft sales were $2.0 million compared to $1.4 million in 2011, up 49%. As of the end of August, same store sales were down 3% compared to the sales reported for the same period in 2011.

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