Feb 4 (Reuters) - Tandy Leather Factory Inc TLF.O :
* Reports January 2016 sales down 5% from January 2015
* January sales fell 5 percent to $6.7 million
* January same store sales fell 2 percent
* Says "we haven't started the year as well as we would like"
* Says January retail leathercraft's sales declined 2% to $4.3 million compared
to January 2015 sales of $4.4 million
* January 2016 wholesale leathercraft posted sales of $2.1 million for January,
down 8% from January 2015 sales of $2.3 million
* -2016 begins with continued pressure versus last year due to fluctuation in
foreign currency exchange rates
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