329:
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gains and profits, was promoted to Sales
Manager and relocated to Ft. Worth. Greg Sartor, former President of ST Leather, was hired as the Craft Sales Manager. In 1993, The Leather Factory went public via a reverse merger on the American Stock exchange and five new Vice Presidents were named: Jon Thompson, Dave Ferrill, Mark Angus, Greg Sartor and Robin Myers Morgan.
250:
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417:, long-time associate and ex-merchandising manager for Tandy, General Manager of The Leather Factory. Regardless of their mounting success, the Brown Group decided to sell off or close down all companies that were under $ 100 million annually, unprofitable or non-shoe related. The Leather Factory, consisting of six locations, was offered for sale.
379:
of Nature-Tand's products had begun to slide as reflected by their sales and profit records. Charles Tandy died unexpectedly on
November 4, 1978, at the age of 60. Concurrently, key stakeholders began to question the direction of the company and Wray Thompson resigned from his position as president.
425:
Through Midas
Leathercraft Tool Company, the partners purchased the assets of The Leather Factory in January 1985. Midas, with just over $ 200,000 in assets, took on a debt of just under $ 1.2 million for the asset purchase of the company. Two of the six managers chose not to gamble on new owners,
404:
Shortly thereafter, the partners were contacted by the
Scholze Tannery, a division of The Brown Group in Chattanooga, Tennessee, to solicit a consulting agreement to help Scholze join the leathercraft market. Wray Thompson and Ron Morgan departed for Chattanooga, TN in 1980 to set up the new company
469:
Ron Morgan and Robin Myers Morgan both retired in 2009, with 40 and 39 years in the industry. Jon
Thompson, the company's President and Chief Operating Officer, was named CEO of Tandy Leather Factory. Other executives include Mark Angus as Senior Vice President and Shannon Greene as Chief Financial
429:
The
Leather Factory introduced their wholesale club in 1986. Membership fees were allocated to the advertising budget which allowed the company to produce more mailing pieces and sales. By 1989, they had moved their warehouse and factory from Chattanooga to Fort Worth, TX and opened their twelfth
378:
Wray
Thompson was promoted to President of Tandy Leather Company in 1976 and Dave Ferrill was promoted to the position of National Sales Manager; they oversaw 288 stores. Ron Morgan was promoted to the Eastern Divisional VP in 1977. Although they opened their 300th store that year, the popularity
369:
In 1975, the Tandy
Corporation Board of Directors announced a plan to separate Tandy's businesses into three distinct publicly held companies. The two new companies would be named Tandycrafts, Inc. and Tex Tan-Hickok, Inc. This plan was publicized as a strategy to provide intensive leadership and
473:
In 2012, Tandy opened a second
European location in Cadiz, Spain. International markets were expanded further in 2011 with the opening of the first Australian combination wholesale/retail store in Minto, just outside Sydney. In 2013, Tandy opened its Flagship store next to the headquarters and Bob
455:
that enabled us to purchase Tandy
Leather Company several years ago. In order to accurately reflect the long-term stability of The Leather Factory while at the same time promote the name recognition of Tandy Leather Company, it makes sense to change our corporate name to Tandy Leather Factory, Inc.
454:
Tandy Leather Company, founded by Charles Tandy and his father, was the first U.S. company dedicated to leathercraft. As such, we believe that Tandy’s name recognition is the best in the industry. On the other hand, The Leather Factory has provided over twenty years of stability and predictability
352:
joined the business after returning from the war in 1948. He had been tracking the growth of leathercraft through correspondence with his father and wanted to put more focus on this industry. Among his first moves was the opening of the first two retail stores in 1950 specializing exclusively in
340:
Tandy Leather began as a family-owned leather goods company based in Fort Worth, Texas in 1919. Norton Hinckley and Dave L. Tandy partnered to start the Hinckley-Tandy Leather Company and concentrated their efforts on selling sole leather and other supplies to shoe repair dealers in Texas. During
442:
In 1999, Tandy Leather Company closed all of its sales units and became solely a mail order/internet marketer. On November 30, 2000, The Leather Factory purchased the operating assets of Tandy Leather Company. Shannon Greene, who joined the company in 1997 as controller, was named Chief Financial
433:
By 1991, The Leather Factory had acquired American Leather Company and fourteen stores were open. Wray Thompson and Ron Morgan promoted from within to free them up from day to day buying and selling. Jon Thompson was put in charge of operations and Mark Angus, The Leather Factory leader in sales
356:
Tandy Leather relied heavily on its formula of mail order sales, however the venture made a 100 percent return on investment the first year. Tandy had $ 2.9 million in sales and opened 15 stores within the first two years. The following decade was filled with rapid growth through the continuous
408:
With merchandise finally in Tennessee, Jon Thompson was called to Chattanooga as he had been waiting three months to open his own store as a dealer for The Leather Factory in Arlington, TX. Help in Tennessee was still sparse, so Jon Thompson pulled, packed and shipped his own store opening
465:
In 2006, Wray Thompson retired after nearly 50 years in the industry - having been president of Tandy Leather with 21 years of service and co-founder of The Leather Factory over 27 years. Ron Morgan, the company's president since 2001, was appointed the new CEO.
365:
Corporation and, after two years, Charles Tandy had turned the company's $ 4 million loss into a profit. During that time of recovery, the Tandy Corporation purchased common stock until they owned 85% of the outstanding Radio Shack common stock.
386:
industry was uncertain, however Ron Morgan paid Wray Thompson a visit and the two colleagues began to brainstorm; before the evening was over, they had developed an informal plan for a shared new enterprise in the leathercraft industry.
316:, Tandy Leather has gone through a series of acquisitions and mergers, eventually being sold to The Leather Factory in 2000. The Tandy Leather flagship store next to their corporate headquarters in Fort Worth, Texas also houses the
412:
By 1984, the manufacturer Ivan Leathercraft was producing over 1,000 items for Midas Leathercraft Tool Company, who then supplied those items to The Leather Factory and others. They had opened six stores and named
405:
later to be known as The Leather Factory. Prior to their departure they hired Jon Thompson, Wray Thompson's oldest son, to begin the task of setting up Midas Leathercraft retail operations in Arlington, TX.
357:
opening of new stores and the acquisition of other handicraft companies. By 1961, Tandy Leather was operating 125 stores in 105 cities of the United States and Canada and the company name was changed to
370:
tailored management of the three distinct and diverse businesses of the company. With this transition, Radio Shack and Tandy Leather Company were no longer under the same corporate umbrella.
353:
leathercraft. Norton Hinckley did not agree with the transition and the founders came to an agreement where the company split and Hinckley would continue in the shoe findings industry.
1018:
1033:
345:, civilian leather rationing prompted the company to move towards leatherworking as a hobby, which gave the company supply priority by providing for the armed forces.
830:
1013:
474:
Moore Construction was awarded the TEXO/AGC Distinguished Building Award for the design of the glass building that can be seen from the nearby Interstate 20. The
1038:
1023:
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so Wray Thompson called on former Tandy Leather Regional Manager Clyde Angus and his son, Mark, who had run the family's western store in Pennsylvania.
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Midas Leathercraft – a retail leathercraft store similar to that of a Tandy store, where the partners would also office.
849:"THE LEATHER FACTORY, INC. RENAMED TANDY LEATHER FACTORY, INC. STOCKHOLDERS VOTE OVERWHELMING APPROVAL OF NAME CHANGE"
397:
MT Enterprises – a partnership engaged in finding and developing customers to consult in the leathercraft industry
1028:
1048:
928:
785:
450:
In 2005, The Leather Factory name was officially changed to Tandy Leather Factory. CEO Wray Thompson stated
409:
merchandise order before driving straight through from Tennessee to Texas before the freight truck arrived.
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and leatherwork related products. It operates more than 100 stores worldwide. Originally part of the
491:
490:, there is a public museum and art gallery featuring historic pieces of leather art, including the
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947:"Bob Moore Construction Receives TEXO/AGC's Distinguished Building Award for Tandy Leather Store"
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Midas Leathercraft Tool Company, Inc. – an importer/exporter of New Zealand made tools
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831:"Leather Factory Hires Jim Linnell as Director of Operations for Tandy Leather"
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Museum has been moved to the lobby of the Tandy Leather Factory headquarters.
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361:. In 1963, Tandy Corporation acquired management control of the
292:
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is an American specialty retailer and wholesale distributor of
867:"Jon Thompson Takes the Reins as CEO of Tandy Leather Factory"
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In the lobby of the Tandy Leather corporate headquarters in
421:
Midas Leathercraft purchases assets of The Leather Factory
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to develop and lead a new chain of Tandy Leather stores.
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CoCo The Colorful History of Tandy's Underdog Computer
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Collection. Other artists' work on exhibit include
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390:Initially three separate companies were set up:
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911:"Tandy Leather Factory open stores in Spain"
741:. Princeton, NJ: Princeton University Press.
732:
730:
30:
1019:Manufacturing companies established in 1919
723:. Boca Raton, FL: CRC Press. pp. 2–3.
36:
29:
739:Tandy Corporation: Start on a Shoe String
281:Tandy Leather Factory Australia Pty, Ltd.
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1034:Companies formerly listed on the Nasdaq
929:"Shares Up As Tandy Leather Sales Rise"
804:"Shannon L. Greene - Executive Profile"
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1014:American companies established in 1919
965:"Al & Ann Stohlman Leather Museum"
664:"Al & Ann Stohlman Leather Museum"
443:Officer and The Leather Factory hired
837:. Leather Factory, Inc. Jan 15, 2002.
7:
1039:Retail companies established in 1919
1024:Companies based in Fort Worth, Texas
374:The beginning of The Leather Factory
438:TLF purchases Tandy Leather Company
853:SECURITIES AND EXCHANGE COMMISSION
482:Tandy Leather Museum & Gallery
275:The Leather Factory of Canada, Ltd
189:Leather goods and related products
25:
510:, Christine Stanley, and others.
283:Tandy Leather Factory España, SL
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215:
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768:"Horned Frog Golf Scholarships"
94:Midas Leathercraft Tool Company
382:Wray Thompson's future in the
279:Tandy Leather Factory UK, Ltd.
1:
737:West, James (December 1968).
698:. Chicago: The Mobium Press.
1044:1919 establishments in Texas
893:"Tandy Leather Factory, Inc"
253:$ 56.398 million (2013)
219:$ 11.226 million (2013)
202:$ 78.284 million (2013)
31:Tandy Leather Factory, Inc.
786:"Tandycrafts, Inc. History"
756:. Summit Press. p. 25.
598:"Tandy Leather Factory Inc"
306:Tandy Leather Factory, Inc.
236:$ 7.265 million (2013)
1065:
666:. Natalie Davis Portfolio
48:The Leather Factory, Inc.
35:
27:American leather retailer
983:"Museum of Leathercraft"
897:The Wall Street Journal
752:Williams, Jeff (2009).
648:Williams, Jeff (2009).
578:. Tandy Leather Factory
332:Tandy Leather store in
273:The Leather Factory, LP
690:Farman, Irvin (1992).
463:
337:
915:Leather International
694:Tandy's Money Machine
546:Tandy Leather Factory
331:
320:Leathercraft Museum.
277:Tandy Leather Co., LP
987:www.tandyleather.com
572:"Executive Officers"
542:"2013 Annual Report"
492:Al and Ann Stohlman
476:Al and Ann Stohlman
318:Al and Ann Stohlman
259:Number of employees
143:Number of locations
32:
808:Bloomberg Business
602:The New York Times
576:Investor Relations
460:Wray Thompson, CEO
338:
488:Fort Worth, Texas
359:Tandy Corporation
314:Tandy Corporation
303:
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135:Fort Worth, Texas
114:Fort Worth, Texas
96:Brown Group, Inc.
16:(Redirected from
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810:. 7 October 2014
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147:108 (2013)
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123:Norton Hinckley
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873:. 25 June 2009
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828:PR Newswire -
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754:Wholly Cow Too
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719:Pitre, Boisy.
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650:Wholly Cow Too
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604:. 1 March 2014
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18:Tandy Leather
991:. Retrieved
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500:George Hurst
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415:George Hurst
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384:leathercraft
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343:World War II
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305:
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269:Subsidiaries
243:Total assets
167:Janet Carr (
130:Headquarters
91:Predecessors
53:Company type
951:Cooldotz PR
835:PR Newswire
504:Jim Linnell
496:Ken Griffin
445:Jim Linnell
363:Radio Shack
153:Area served
1008:Categories
877:8 February
814:8 February
670:8 February
608:8 February
582:7 February
551:7 February
514:References
508:Al Shelton
430:location.
226:Net income
163:Key people
933:Zacks.com
871:Bloomberg
470:Officer.
157:Worldwide
65:Traded as
993:5 August
458:—
186:Products
120:Founders
81:Industry
71:OTC Pink
45:Formerly
350:Charles
310:leather
288:Website
194:Revenue
106: (
101:Founded
772:Dowell
702:
324:Origin
85:Retail
57:Public
995:2018
879:2015
816:2015
700:ISBN
672:2015
610:2015
584:2015
553:2015
297:.com
108:1919
104:1919
75:TLFA
293:www
175:CFO
169:CEO
112:in
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