Thursday, November 1, 2007
Fort Worth-based Tandy Leather Factory announces plans for international expansion
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FORT WORTH — Tandy Leather Factory, Inc. today announced that it intends to open a Tandy Leather Factory store in the United Kingdom in the 1st quarter of 2008. The company is in the final stages of lease negotiations for a 10,000 square foot building located in Northampton. John McNiven, President of the company’s Canadian operation, has agreed to oversee the store opening and business development for the first year. This first store will operate as a combination wholesale and retail store, and once it is established and profitable, the company intends to open several traditional Tandy Leather retail stores throughout the country.
Photo not provided by Tandy Leather Factory
England's demand for leather far outstrips its supply
Ron Morgan, CEO and President, commented, “We have spent a lot of time researching the UK market and believe that 2008 is the right time to embark on this endeavor. While our sales internationally are respectable, considering we’re not doing anything to develop that business, we believe that a local presence and a dedicated advertising and marketing effort could increase our sales considerably. Assuming we’re successful in the UK, we have good reason to believe that Tandy Leather stores could be well received in several other countries as well.”
Tandy Leather Factory, Inc., headquartered in Fort Worth, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits.
Source: Tandy Leather Factory
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