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Tandy Leather Factory Reports October 2013 Sales Up 6% Over October 2012

Stocks in this article: TLF

FORT WORTH, Texas, Nov. 7, 2013 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) reported today that sales for the month of October were $6.5 million, up 6% compared to October 2012 sales of $6.0 million. Year to date sales are up 9% to $63.3 million in the current year compared to $58.0 million last year.

Retail Leathercraft's sales rose 5% to $3.8 million compared to October 2012 sales of $3.6 million. The 77 comparable stores' sales were up 4% compared to the same period last year. The one store opened after October 2012 added October sales of $36,000. Year-to-date sales for Retail Leathercraft are $37.8 million, a 12% increase over sales of $33.6 million for the same period of 2012. As of the end of October, the 77 comparable stores' sales were up 11% compared to sales reported for the same period in 2012.

Wholesale Leathercraft posted sales of $2.3 million for October, up 8% compared to October 2012 sales of $2.1 million. Within the Wholesale Leathercraft division, compared to October 2012, wholesale same store sales were up 6% and the National Account group's sales were up 43%. National Account sales were $100,000 for the month compared to last year's October sales of $70,000. For the year to date, Wholesale Leathercraft sales are $22.3 million, up 2% from last year's sales of $21.8 million. As of the end of October, the wholesale same store sales were up 4% compared to the same period last year and the National Account group's sales were down 25%.

International Leathercraft reported October sales of $338,000, up 25% compared to October 2012 sales of $269,000. For the year to date, International Leathercraft sales were $3.2 million compared to $2.6 million last year, up 25%. 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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