Tandy Brands Accessories
is a Designer, Manufacturer and
Marketer of Fashion Accessories
for Men, Women and Children
Investment Highlights
 Market Leader in a Fragmented Industry
 National and Diverse Brand Portfolio
 Compelling Growth Opportunities
– Strong Historic Growth Rate: 13-year Compounded
Annual Growth Rate of 17%
 Aggressive Marketing
 Strong, Stable Customer Relationships
 Strong Balance Sheet and Cash Flow
Generation
 Experienced Management Team
Solid Sales Growth
Through internal growth and acquisitions, TBAC has
expanded into a leadership position within the fashion
accessory industry. CAGR 17.19% over last 13 years.
$178.4
$187.7
$195.8
$205.8
$224.5 $215.4
$135.0
$102.6
$83.9 $86.8
$68.6
$50.4
$27.4
1991
$36.2
1992
1993
1994
1995
1996
1997
1998
1999 2000
2001
2002
2003
2004
Facilities
Corporate Headquarters
Arlington, Texas
Manufacturing
Yoakum, Texas
Toronto, Canada
Distribution
Yoakum, Texas
Dallas, Texas
West Bend, Wisconsin
Toronto, Canada
Merchandising Offices
Arlington, Texas
Toronto, Canada
New York, New York
San Francisco, California
Hong Kong, China
New Orleans, Louisiana
Showrooms
Arlington, Texas
New York, New York (2)
Toronto, Canada
Bentonville, Arkansas
Hong Kong, China
Canada
United States
China
Sourcing
Tandy Brands Accessories, Inc. operates two belt
manufacturing facilities: One in Yoakum, Texas, and
another in Toronto, Canada. The balance of the
corporations’ finished goods are imported from a wide
variety of global sources in Asia, South America, Europe
and India.
Europe
Asia
India
South
America
Retail Distribution
TBA’s strategic objective of “across the board” selling has
resulted in the successful placement of TBA fashion products
into nearly every type and size of retail operation including:
Department Stores
E-Commerce Website
Specialty Chains
Supermarkets
Ind. Specialty Stores
Uniform Stores
National Chains
Mass Merchants
Catalogs
Outlet Stores
TV Shopping
Military Exchanges
Off-Price Stores
Golf Pro Shops
Sporting Goods
Shoe Stores
Drug Stores
Wholesale Clubs
Office Supply
Total Sales
$215.4 Million in Fiscal 2004
Men's
52.7%
Women's
47.3%
Fiscal 2004
Product Line Sales
Belts
54.6%
Small Leather
Goods
21.1%
$117.6 Mil
$45.3 Mil
$6.8 Mil
$18.3 Mil
$17.0 Mil
$10.4 Mil
Other
4.8%
Cold
Weather
3.2%
Handbags
8.4%
Socks
7.9%
Fiscal 2004
Product Line Sales
Men’s and Women’s Comparison ($215.4 Million)
Men’s 52.7%
($113.6 Mil.)
Belts
77%
Women’s 47.3%
($101.8 Mil.)
Cold
Weather
6%
Other
7%
Small Leather
Goods
16%
Belts
30%
Socks
17%
Handbags
18%
Other
2%
Small Leather
Goods
27%
TBA’s Key Retail Partners
Department Stores













Nordstrom
Dillard’s
May Co.
Federated/Macy’s
Belk
Saks, Inc.
Dayton Hudson
Kohl’s
Stage
Boscov’s
Gottschalk’s
Bon-Ton
The Bay (Canada)
National Chains
 Sears









(U.S. & Canada)
JCPenney
(U.S. & Mexico)
Mervyn’s
AAFES
Structure
Stein Mart
TJ Maxx
Marshall’s
Men’s Wearhouse
Moores (Canada)
Mass Merchants
 WalMart





(U.S., Canada &
Mexico)
Target
ShopKo/Pamida
Meijer
Fred Meyer
Zellers
(Canada)
Independent Specialty & Golf Pro Shops
 7,000+Accounts
Sales and Service
Sales
Service
Growth Potential
Estimates of accessory industry size in wholesale dollars.
(In millions)
TBAC
Market
Men’s & Boys’
Share
Belts
Personal Leather Goods
Women’s
Belts
Personal Leather Goods
Handbags
Hats/Hair Access/Socks
Cold Weather
$420
290
20%
9%
340
305
2,200
532
226
$4,333 *
9%
9%
1%
4%
3%
* Does not include Canada
Fiscal 2004 Brand Sales
Proprietary
Brands
34.4%
Private Label
Brands
57.5%
Licensed
Brands
8.1%
Fiscal 2004 Sales
By Distribution Channel
Department
Store
28.6%
Specialty Retail
17.2%
Mass Merchant
54.2%
Brands by Retail Segment
Proprietary
Licensed
Private