Tandy Leather is the largest specialty retailer of leather and leatherworking supplies in the world, selling leather, hand tools, hardware, dyes, finishing liquids, machines, and kits to hobbyists, crafters, and professional tradespeople. Tandy operates 101 retail stores across the U.S., Canada, and Spain, and also sells through e-commerce and a commercial division that serves business customers spending more than $20K annually. Physical stores are the primary revenue driver, and Tandy positions them as community destinations where customers can attend classes, use open workbenches, and get advice from staff who are often leathercrafters themselves. The commercial division offers volume pricing, direct-from-warehouse shipping, and custom product development. E-commerce, particularly international, is a growth channel with limited incremental fixed cost. Tandy also operates a production facility in Benbrook, Texas, where it manufactures roughly 10% of its products — including kits, lace, belt strips, and tooling templates — under its own brands. Tandy carries approximately 6,500 SKUs, and leather is a globally traded commodity, so input costs fluctuate with international market conditions. Revenue is seasonal, with the fourth quarter generating roughly 28-30% of annual sales due to the holiday season.