"The Tandy stores are doing pretty well, all things considered. The same store sales gains in last year's first quarter averaged 11%. Given the quarter we've had this year, I'm pleased with the 2% same store sales gain in March. The Leather Factory stores have struggled so far this year although again, they were running well above expectations last year at this time. I expect they'll rebound though - they always do."
Mr. Morgan continued, "We're headed into our two weaker sales quarters of the year. We're beginning to see some signs of recovery in the leather market which should help us regain some sales going forward, particularly in the Leather Factory stores. It's a fairly slow process though so I don't know that we'll see much improvement in the second quarter in this area."
"We're heavy into our camp season, which is looking positive compared to our lackluster performance with this customer group last year. While I don't expect that we'll make great strides in the second quarter, I think we could begin to see some strengthening in the third quarter if a couple of things go our way."
Tandy Leather Factory Inc
marketing@alchempro.com
