TANDY LEATHER FACTORY INC

Tandy Leather Factory, Inc. (Nasdaq Capital Market: TLF) operates as one of the world's largest specialty retailers of leather and leathercraft-related items. Founded in 1919 in Fort Worth, Texas, the company has built a century-long legacy as the trusted source for quality leather, tools, hardware, supplies, kits, and teaching materials for leatherworkers. The company maintains its corporate headquarters and principal offices at www.tandyleather.com.

The company operates a retail fleet of 101 stores across North America and Europe, comprising 91 locations in the United States, nine in Canada, and one in Spain. Tandy Leather generates revenue through three primary channels: company-leased retail stores, global e-commerce platforms, and a commercial division serving business customers. The company produces approximately ten percent of its products internally, including leather lace, cut leather pieces, do-it-yourself kits, and Craftaid tooling templates at its Benbrook, Texas production facility. Additional production services for commercial customers include cutting, splitting, and assembly operations.

The company's product portfolio spans multiple categories including leather, hand tools, hardware, kits, liquids, machines, and supplies distributed under several brands including Tandy Leather, Eco-Flo, Craftool, CraftoolPro, Dr. Jackson's, and the premium TandyPro line. Tandy sources merchandise from approximately 150 suppliers across the United States and roughly twenty foreign countries, with the ten largest suppliers accounting for approximately fifty-five percent of inventory purchases.

As of December 31, 2025, Tandy employed 538 people globally, with 401 in full-time positions. The company's competitive advantages stem from its extensive brand awareness and loyalty, network of retail locations providing high-touch customer service, hub status within local leathercrafting communities, and century-plus heritage. Retail stores typically range from 1,300 to 9,000 square feet, with an average footprint of approximately 3,500 square feet, positioned in light industrial warehouse spaces or older strip shopping centers near major freeways. The company maintains a global customer service team handling web and phone orders, with distribution primarily managed through its central Benbrook distribution center serving U.S. and international markets.