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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV