FORT WORTH, Texas, Oct. 13, 2016 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (NASDAQ:TLF) today announced that it is opening a new retail store in Philadelphia, PA. The store will operate under the name Tandy Leather and will officially open for business on October 17, 2016.

Shannon Greene, Chief Executive Officer, commented, “We have been studying the Philadelphia market for some time and are pleased to be establishing a local presence there. This is the first of several new stores expected to open in the fourth quarter, despite the current challenges throughout the retail sector. The new stores are not expected to be significant contributors to our top line in 2016, but should be noticeable in 2017 and beyond.”

Tandy Leather Factory, Inc., (http://www.tandyleather.com), headquartered in Fort Worth, Texas, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products through its 27 Leather Factory stores, located in 18 states and 3 Canadian provinces, 82 Tandy Leather retail stores, located in 36 states and 6 Canadian provinces, and four combination wholesale/retail stores located in the United Kingdom, Australia, and Spain. Its common stock trades on the Nasdaq with the symbol "TLF".