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

FORT WORTH, Texas, Sept. 5, 2013 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) reported today that sales for the month of August were $6.3 million, up 7% compared to August 2012 sales of $5.8 million. Year to date sales are up 10% to $51.1 million in the current year compared to $46.6 million last year.

Retail Leathercraft's sales rose 12% to $3.8 million compared to August 2012 sales of $3.3 million. The 77 comparable stores' sales were up 11% compared to the same period last year. The one store opened after August 2012 added August sales of $48,000. Year-to-date sales for Retail Leathercraft are $30.6 million, a 14% increase over sales of $26.8 million for the same period of 2012. As of the end of August, the 77 comparable stores' sales were up 13% compared to sales reported for the same period in 2012. 

Wholesale Leathercraft posted sales of $2.2 million for August, down 1% or $30,000, compared to August 2012 sales of $2.2 million. Within the Wholesale Leathercraft division, compared to August 2012, wholesale same store sales were down 1% while the National Account group's sales were flat. For the year to date, Wholesale Leathercraft sales are $17.9 million, up 1% from last year's sales of $17.7 million. As of the end of August, the wholesale same store sales were up 3% compared to the same period last year and the National Account group's sales were down 26%.       

International Leathercraft reported August sales of $306,000, up 17% compared to August 2012 sales of $262,000. For the year to date, International Leathercraft sales were $2.6 million compared to $2.0 million last year, up 26%. 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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