- The report contains detailed information about Tandy Leather Factory, Inc. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
- Another part of the report is a SWOT-analysis carried out for Tandy Leather Factory, Inc.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
- The Tandy Leather Factory, Inc. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
- In the part that describes Tandy Leather Factory, Inc. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
- Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Tandy Leather Factory, Inc. business.
About Tandy Leather Factory, Inc.
Tandy Leather Factory, Inc. engages in the retail and wholesale distribution of a line of leather and related products, including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The company also manufactures leather lacing and kits.
The Wholesale Leathercraft division consists of 30 wholesale stores of which 27 are located in the United States and 3 are located in Canada. The Wholesale Leathercraft operation distributes its product line of leather and leathercraft-related products in the United States and internationally through Leather Factory stores. It operates Leather Factory stores in 20 states and 3 Canadian provinces. The stores range in size from 2,350 square feet to 15,000 square feet, with the average size of a store being approximately 6,000 square feet.
Customers: Leather Factorys customer base consists of individuals, wholesale distributors, tack and saddle shops, institutions (prisons and prisoners, schools, hospitals), western stores, craft stores and craft store chains, other large volume purchasers, manufacturers, and retailers dispersed geographically worldwide.
Merchandise: The companys products are organized into 13 categories. It carries a range of products, including leather, lace, hand tools, kits, and craft supplies. It operates a light manufacturing facility in Fort Worth whose processes involve cutting leather into various shapes and patterns using metal dies. Products manufactured in its factory are distributed through stores under the Tejas brand name. The company also distributes product under the Tandy Leather and Dr. Jackson's brands. Its product categories include belts strips and straps; books, patterns, videos; buckles; conchos; craft supplies; custom tools and hardware; dyes, finishes, glues; hand tools; hardware; kits; lace; leather; and stamping tools.
As of March 1, 2010, the Retail Leathercraft division included 76 Tandy Leather retail stores of which 69 are located in the United States and 7 are located in Canada. Both of these divisions sell leather and leathercraft-related products.
Retail Leathercraft division consists of a chain of retail stores operating under the name, Tandy Leather. The company offers a product line of quality tools, leather, accessories, kits, and teaching materials.
Customers: Individual retail customers are the companys major customer group.
Merchandise: The companys products are generally organized into 13 categories. It carries an assortment of products, including leather, hand tools, kits, dyes & finishes, and stamping tools. Its product categories include belts strips and straps; books, patterns, videos; buckles; conchos; craft supplies; dyes, finishes, glues; hand tools; hardware; kits; lace; leather; and stamping tools.
The International Leathercraft division consists of all stores, wholesale or retail, located outside of North America. The company has one wholesale and retail combination store located in Northampton, United Kingdom.
Customers: The customer base consists of individuals, wholesale distributors, equine-related shops, cobblers, dealers, and retailers dispersed geographically throughout the U.K. and Europe. The company also sells on open account to selected wholesale customers, including dealers, manufacturers, and retailers.
Tandy Leather Factory, Inc. was founded in 1980.
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1. TANDY LEATHER FACTORY, INC. COMPANY PROFILE
1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History
2. TANDY LEATHER FACTORY, INC. BUSINESS OVERVIEW
2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units
3. TANDY LEATHER FACTORY, INC. SWOT ANALYSIS
4. TANDY LEATHER FACTORY, INC. FINANCIAL ANALYSIS
4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot
5. TANDY LEATHER FACTORY, INC. COMPETITORS AND INDUSTRY ANALYSIS
5.1. Tandy Leather Factory, Inc. Direct Competitors
5.2. Comparison of Tandy Leather Factory, Inc. and Direct Competitors Financial Ratios
5.3. Comparison of Tandy Leather Factory, Inc. and Direct Competitors Stock Charts
5.4. Tandy Leather Factory, Inc. Industry Analysis
5.4.1. Retail Industry Snapshot
5.4.2. Tandy Leather Factory, Inc. Industry Position Analysis
6. TANDY LEATHER FACTORY, INC. NEWS & EVENTS
6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events
7. TANDY LEATHER FACTORY, INC. EXPERTS REVIEW1
7.1. Experts Opinion
7.2. Experts Estimates
8. TANDY LEATHER FACTORY, INC. ENHANCED SWOT ANALYSIS2
9. UNITED STATES PESTEL ANALYSIS2
9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors
10. TANDY LEATHER FACTORY, INC. IFE, EFE, IE MATRICES2
10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix
11. TANDY LEATHER FACTORY, INC. PORTER FIVE FORCES ANALYSIS2
12. TANDY LEATHER FACTORY, INC. VRIO ANALYSIS2
APPENDIX: RATIO DEFINITIONS
LIST OF TABLES
Tandy Leather Factory, Inc. Key Facts
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Tandy Leather Factory, Inc. Key Executives
Key Executives Biographies1
Key Executives Compensations1
Tandy Leather Factory, Inc. Major Shareholders
Tandy Leather Factory, Inc. History
Tandy Leather Factory, Inc. Products
Revenues by Segment
Revenues by Region
Tandy Leather Factory, Inc. Offices and Representations
Tandy Leather Factory, Inc. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Tandy Leather Factory, Inc. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Tandy Leather Factory, Inc. Capital Market Snapshot
Tandy Leather Factory, Inc. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Retail Industry Statistics
Tandy Leather Factory, Inc. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Tandy Leather Factory, Inc. Consensus Recommendations1
Analyst Recommendation Summary1
Price Target Summary1
Experts Recommendation Trends1
Revenue Estimates Analysis1
Earnings Estimates Analysis1
Revenue Estimates Trend1
Earnings Estimates Trend1
LIST OF FIGURES
Tandy Leather Factory, Inc. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Tandy Leather Factory, Inc. 1-year Stock Charts
Tandy Leather Factory, Inc. 5-year Stock Charts
Tandy Leather Factory, Inc. vs. Main Indexes 1-year Stock Chart
Tandy Leather Factory, Inc. vs. Direct Competitors 1-year Stock Charts
Tandy Leather Factory, Inc. Article Density Chart
1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.
SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.
Enhanced SWOT Analysis
Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:
- How to use the strengths to take advantage of the opportunities?
- How to use the strengths to reduce likelihood and impact of the threats?
- How to overcome the weaknesses that obstruct taking advantage of the opportunities?
- How to overcome the weaknesses that can make the threats a reality?
Upon answering these questions a company can develop a project plan to improve its business performance.
PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.
Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.
Key Factors Examined by PESTEL Analysis:
- Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
- Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
- Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
- Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
- Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
- Legal – What laws and legislation will exert influence on the style the business is carried out?
IFE, EFE, IE Matrices
The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.
The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.
The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.
Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.
Porter Five Forces Analysis
The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:
- What composes a threat of substitute products and services?
- Is there a threat of new competitors entering the market?
- What is the intensity of competitive rivalry?
- How big is the bargaining power of buyers?
- How significant is the bargaining power of suppliers?
VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:
- Tangible resources
- Intangible resources
- Innovation and Creativity
- Organizational capabilities
The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:
- Costly to imitate?
- Organized properly?