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Tandy Leather Factory Reports June 2013 Sales Up 7% Over June 2012

FORT WORTH, Texas, July 11, 2013 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) reported today that sales for the month of June were $5.9 million, up 7% compared to June 2012 sales of $5.5 million. Year to date sales are up 10% to $38.3 million in the current year from $35.0 million last year.

Retail Leathercraft's sales rose 9% to $3.5 million compared to June 2012 sales of $3.2 million. The 77 comparable stores' sales were up 7% compared to the same period last year. The one store opened after June 2012 added June sales of $35,000. Year-to-date sales for Retail Leathercraft are $22.9 million, a 14% increase over sales of $20.1 million for the same period of 2012. As of the end of June, the 77 comparable stores' sales were up 13% compared to sales reported for the same period in 2012.

Wholesale Leathercraft posted sales of $2.1 million for June, up 3% compared to June 2012 sales of $2.0 million. Within the Wholesale Leathercraft division, compared to June 2012, the wholesale same store sales were down 4% and the National Account group's sales were up 248%. National Account sales were $188,000 for the month compared to $54,000 in June last year. For the year to date, Wholesale Leathercraft sales are $13.5 million, up 1% from last year's sales of $13.4 million. As of the end of June, the wholesale same store sales were up 4% compared to the same period last year and the National Account group's sales were down 35%.     

International Leathercraft reported June sales of $272,000, up 13% compared to June 2012 sales of $242,000. For the year to date, International Leathercraft sales were $2.0 million compared to $1.5 million last year, up 31%. 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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