Tandy Leather Factory, Inc. Reports June 2011 Sales Up 4% Over June 2010

Tandy Leather Factory, Inc. TLF reported today that sales for the month of June were $5.3 million, up 4% compared to June 2010 sales. Year to date sales are up 10% to $31.9 million in the current year from $29.0 million last year. Retail Leathercraft's sales rose 5% to $3.0 million compared to June 2010 sales of $2.8 million. For the month, the 76 comparable stores' sales were up 4% compared to the same period last year. The one store opened since June 2010 added June sales of $9,000. Year-to-date sales for Retail Leathercraft are $17.6 million this year, a 15% increase over sales of $15.3 million for the same period of 2010. For the year to date, the 75 comparable stores' sales were up 14% compared to sales reported for the same period in 2010. Wholesale Leathercraft posted sales of $2.1 million for June, up 2% compared to June 2010 sales. Within the Wholesale Leathercraft division, same store sales were up 2% for the month and the National Account group's sales were up 11% from June 2010. For the year to date, Wholesale Leathercraft sales are $13.2 million compared to $12.9 million in 2010, up 3%. As of the end of June, year to date same store sales in the wholesale stores were up 5% compared to the same period last year and the National Account group's sales are down 4%.