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Tandy Leather Factory Reports March 2013 Sales Up 9% Over March 2012

FORT WORTH, Texas, April 11, 2013 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) reported today that sales for the month of March were $6.7 million, up 9% compared to March 2012 sales of $6.2 million. Year to date sales are up 7% to $19.3 million in the current year from $18.0 million last year.

Retail Leathercraft's sales rose 14% to $4.1 million compared to March 2012 sales of $3.6 million. The 77 comparable stores' sales were up 13% compared to the same period last year. The one store opened after March 2012 added March sales of $42,000. Year-to-date sales for Retail Leathercraft are $11.6 million this year, a 14% increase over sales of $10.2 million for the same period of 2012. As of the end of March, the 77 comparable stores' sales were up 13% compared to sales reported for the same period in 2012. 

Wholesale Leathercraft posted sales of $2.4 million for March, up 1% compared to March 2012 sales of $2.3 million. Within the Wholesale Leathercraft division, the wholesale same store sales matched that of March 2012 sales while the National Account group's sales were up 17% from March 2012. For the year to date, Wholesale Leathercraft sales are $6.8 million compared to $7.1 million in 2012, down 5%. As of the end of March, the wholesale same store sales were up 3% compared to the same period last year and the National Account group's sales are down 65%.       

International Leathercraft reported March sales of $290,000, up 20% compared to March 2012 sales of $241,000. For the year to date, International Leathercraft sales were $953,000 compared to $735,000 in 2012, up 30%. All three stores in the segment have been opened for both periods, so same store sales for the month and year to date were the same as the segment's sales.  

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