[4] The Tandy Leather flagship store next to their corporate headquarters in Fort Worth, Texas also houses the Al and Ann Stohlman Leathercraft Museum.
[8] Tandy Leather relied heavily on its formula of mail order sales, however the venture made a 100 percent return on investment the first year.
This plan was publicized as a strategy to provide intensive leadership and tailored management of the three distinct and diverse businesses of the company.
Although they opened their 300th store that year, the popularity of Nature-Tand's products had begun to slide as reflected by their sales and profit records.
Concurrently, key stakeholders began to question the direction of the company and Wray Thompson resigned from his position as president.
Wray Thompson and Ron Morgan departed for Chattanooga, TN in 1980 to set up the new company later to be known as The Leather Factory.
[4] With merchandise finally in Tennessee, Jon Thompson was called to Chattanooga as he had been waiting three months to open his own store as a dealer for The Leather Factory in Arlington, TX.
[4] Regardless of their mounting success, the Brown Group decided to sell off or close down all companies that were under $100 million annually, unprofitable or non-shoe related.
Membership fees were allocated to the advertising budget which allowed the company to produce more mailing pieces and sales.
In 1993, The Leather Factory went public via a reverse merger on the American Stock exchange[10] and five new Vice Presidents were named: Jon Thompson, Dave Ferrill, Mark Angus, Greg Sartor and Robin Myers Morgan.
Jon Thompson, the company's President and Chief Operating Officer, was named CEO of Tandy Leather Factory.
Other executives include Mark Angus as Senior Vice President and Shannon Greene as Chief Financial Officer.
Other artists' work on exhibit include Ken Griffin, George Hurst, Jim Linnell, Al Shelton, Christine Stanley, and others.