318:
423:
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.
239:
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406:, 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.
368:
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.
414:
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,
393:
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
458:
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
418:
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
367:
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
358:
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
462:
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
444:
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.
443:
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
341:
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
329:
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
431:
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
422:
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
345:
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
397:
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
454:
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.
354:
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.
375:
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.
305:, 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
401:
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
394:
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.
346:
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
359:
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.
342:
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.
1007:
1022:
334:, 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.
819:
1002:
463:
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
1027:
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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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27:
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Midas Leathercraft – a retail leathercraft store similar to that of a Tandy store, where the partners would also office.
838:"THE LEATHER FACTORY, INC. RENAMED TANDY LEATHER FACTORY, INC. STOCKHOLDERS VOTE OVERWHELMING APPROVAL OF NAME CHANGE"
386:
MT Enterprises – a partnership engaged in finding and developing customers to consult in the leathercraft industry
1017:
1037:
917:
774:
439:
In 2005, The Leather Factory name was officially changed to Tandy Leather Factory. CEO Wray Thompson stated
398:
merchandise order before driving straight through from Tennessee to Texas before the freight truck arrived.
163:
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and leatherwork related products. It operates more than 100 stores worldwide. Originally part of the
480:
479:, there is a public museum and art gallery featuring historic pieces of leather art, including the
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936:"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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820:"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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350:. In 1963, Tandy Corporation acquired management control of the
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is an American specialty retailer and wholesale distributor of
856:"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
410:
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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379:Initially three separate companies were set up:
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900:"Tandy Leather Factory open stores in Spain"
730:. Princeton, NJ: Princeton University Press.
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719:
19:
1008:Manufacturing companies established in 1919
712:. Boca Raton, FL: CRC Press. pp. 2–3.
25:
18:
728:Tandy Corporation: Start on a Shoe String
270:Tandy Leather Factory Australia Pty, Ltd.
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1023:Companies formerly listed on the Nasdaq
918:"Shares Up As Tandy Leather Sales Rise"
793:"Shannon L. Greene - Executive Profile"
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553:
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1003:American companies established in 1919
954:"Al & Ann Stohlman Leather Museum"
653:"Al & Ann Stohlman Leather Museum"
432:Officer and The Leather Factory hired
826:. Leather Factory, Inc. Jan 15, 2002.
7:
1028:Retail companies established in 1919
1013:Companies based in Fort Worth, Texas
363:The beginning of The Leather Factory
427:TLF purchases Tandy Leather Company
842:SECURITIES AND EXCHANGE COMMISSION
471:Tandy Leather Museum & Gallery
264:The Leather Factory of Canada, Ltd
178:Leather goods and related products
14:
499:, Christine Stanley, and others.
272:Tandy Leather Factory España, SL
238:
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204:
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187:
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757:"Horned Frog Golf Scholarships"
83:Midas Leathercraft Tool Company
371:Wray Thompson's future in the
268:Tandy Leather Factory UK, Ltd.
1:
726:West, James (December 1968).
687:. Chicago: The Mobium Press.
1033:1919 establishments in Texas
882:"Tandy Leather Factory, Inc"
242:$ 56.398 million (2013)
208:$ 11.226 million (2013)
191:$ 78.284 million (2013)
20:Tandy Leather Factory, Inc.
775:"Tandycrafts, Inc. History"
745:. Summit Press. p. 25.
587:"Tandy Leather Factory Inc"
295:Tandy Leather Factory, Inc.
225:$ 7.265 million (2013)
1054:
655:. Natalie Davis Portfolio
37:The Leather Factory, Inc.
24:
16:American leather retailer
972:"Museum of Leathercraft"
886:The Wall Street Journal
741:Williams, Jeff (2009).
637:Williams, Jeff (2009).
567:. Tandy Leather Factory
321:Tandy Leather store in
262:The Leather Factory, LP
679:Farman, Irvin (1992).
452:
326:
904:Leather International
683:Tandy's Money Machine
535:Tandy Leather Factory
320:
309:Leathercraft Museum.
266:Tandy Leather Co., LP
976:www.tandyleather.com
561:"Executive Officers"
531:"2013 Annual Report"
481:Al and Ann Stohlman
465:Al and Ann Stohlman
307:Al and Ann Stohlman
248:Number of employees
132:Number of locations
21:
797:Bloomberg Business
591:The New York Times
565:Investor Relations
449:Wray Thompson, CEO
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477:Fort Worth, Texas
348:Tandy Corporation
303:Tandy Corporation
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124:Fort Worth, Texas
103:Fort Worth, Texas
85:Brown Group, Inc.
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799:. 7 October 2014
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166:) Daniel Ross (
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136:108 (2013)
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112:Norton Hinckley
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862:. 25 June 2009
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817:PR Newswire -
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743:Wholly Cow Too
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639:Wholly Cow Too
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593:. 1 March 2014
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980:. Retrieved
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801:. Retrieved
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657:. Retrieved
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538:. Retrieved
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489:George Hurst
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404:George Hurst
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373:leathercraft
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332:World War II
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294:
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258:Subsidiaries
232:Total assets
156:Janet Carr (
119:Headquarters
80:Predecessors
42:Company type
940:Cooldotz PR
824:PR Newswire
493:Jim Linnell
485:Ken Griffin
434:Jim Linnell
352:Radio Shack
142:Area served
997:Categories
866:8 February
803:8 February
659:8 February
597:8 February
571:7 February
540:7 February
503:References
497:Al Shelton
419:location.
215:Net income
152:Key people
922:Zacks.com
860:Bloomberg
459:Officer.
146:Worldwide
54:Traded as
982:5 August
447:—
175:Products
109:Founders
70:Industry
60:OTC Pink
34:Formerly
339:Charles
299:leather
277:Website
183:Revenue
95: (
90:Founded
761:Dowell
691:
313:Origin
74:Retail
46:Public
984:2018
868:2015
805:2015
689:ISBN
661:2015
599:2015
573:2015
542:2015
286:.com
97:1919
93:1919
64:TLFA
282:www
164:CFO
158:CEO
101:in
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