Tandy Leather Factory Warns of 'Malaise' in Broader Consumer Environment -- Market Talk

Dow Jones05-11

1803 ET [Dow Jones]--The latest results of wholesale leather player Tandy Leather Factory could spark concerns about the state of the retail industry and the consumer. The company's March quarter sales fell 5% as a reflection of "both a sense of malaise in the broader consumer environment" and difficult comparatives, CEO Janet Carr says. The company had to increase promotional activity to offset slower sales in January and February, taking a hit on its gross margin rate, Carr adds. Walmart and Target, two of the biggest U.S. retailers, are expected to publish their quarterly results later this month. (sabela.ojea@wsj.com)

(END) Dow Jones Newswires

May 10, 2024 18:05 ET (22:05 GMT)

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The company's March quarter ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4094","symbol_name":"服装零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2434897170","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434897170","pubTimestamp":1715378700,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1803 ET [Dow Jones]--The latest results of wholesale leather player Tandy Leather Factory could spark concerns about the state of the retail industry and the consumer. 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