SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

     Date  of  report  (Date  of  earliest  event  reported):  December  8, 2003
                                                             -------------------


                            The Leather Factory, Inc.
                          ----------------------------
             (Exact Name of Registrant as Specified in Its Charter)


                                     Delaware
                                     --------
                 (State or Other Jurisdiction of Incorporation)


             1-12368                            75-2543540
     --------------------------                 ----------
     (Commission  File  Number)     (IRS  Employer  Identification  Number)


     3847  East  Loop  820  South,  Fort  Worth,  Texas          76119
     --------------------------------------------------          -----
     (Address  of  Principal  Executive  Offices)             (Zip  Code)


                                (817) 496-4414
                                ---------------
              (Registrant's Telephone Number, Including Area Code)

_____________________________________________________________________________
     (Former  Name  or  Former  Address,  if  Changed  Since  Last  Report)

                                        1


ITEM  9.  REGULATION  FD  DISCLOSURE

     The  Registrant  is  furnishing  the  press release attached as Exhibit 9.1
announcing  a  new  member  of  the  Board of Directors.  This press release was
issued  on  December  8,  2003.

                                   SIGNATURES

     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.

                                  THE  LEATHER  FACTORY,  INC.

Date:  December  8,  2003          BY:  /s/  Wray  Thompson
                                        -------------------
                                        Wray Thompson, Chairman of the Board
                                           and Chief Executive Officer
                                        2


                                                                     EXHIBIT 9.1
                                                                     -----------

            FOR IMMEDIATE RELEASE                    DECEMBER 8, 2003

                 LEATHER FACTORY ANNOUNCES ADDITION TO THE BOARD

FORT  WORTH,  TEXAS - The Leather Factory, Inc. (AMEX: TLF) today announced that
Michael  A. Nery has joined The Leather Factory, Inc.'s Board of Directors.  Mr.
Nery's  firm  manages  Nery  Capital  Partners,  L.P.,  an  investment fund that
purchased  Leather  Factory  shares  in  a  private  transaction  announced  in
September.  His  prior  experience  includes  securities  analysis  at  Fidelity
Management  and Research Co. in Boston and later co-management of a Denver-based
hedge  fund.  Mr.  Nery  is  a  graduate  of  Williams  College.

Wray Thompson, Chairman and Chief Executive Officer of The Leather Factory, Inc.
explained, "Mr. Nery will be a valuable addition to our Board of Directors.  His
fund's  long-term  commitment  to  our  company and general philosophy regarding
business  strategy  mirror  those  of  our  Board  and  management."

The  Leather  Factory,  Inc.,  (http://www.leatherfactory.com), headquartered in
Fort  Worth,  Texas, is an international marketer and wholesale distributor of a
broad  product  line  including  leather,  leatherworking  tools,  buckles  and
adornments  for  belts,  leather dyes and finishes, shoe repair supplies, saddle
and  tack  hardware,  and  do-it-yourself  kits,  and  is  a  manufacturer  and
distributor of fancy hat trims, leather lacing and kits. The Company distributes
its products through 30 warehouse distribution units located throughout the U.S.
and  Canada  and  through  its  subsidiary, Tandy Leather Company, via 26 retail
stores  and  mail/telephone/website  orders  (http://www.tandyleather.com).  Its
common  stock  trades  on  the  American  Stock  Exchange with the symbol "TLF".


Contact:  Wray Thompson, The Leather Factory, Inc.               (817) 496-4414
          Shannon Greene, The Leather Factory, Inc.  sgreene@leatherfactory.com

This  news  release may contain forward-looking statements.  All forward-looking
statements  made  here  or in other news releases issued by The Leather Factory,
Inc.  are  based  on  current expectations as of the date of the release.  These
forward-looking  statements involve risks and uncertainties that could cause the
results  of  The  Leather  Factory,  Inc. to differ materially from management's
current  expectations.  Many  of these risks and uncertainties are detailed from
time to time in TLF's reports filed with the Securities and Exchange Commission,
including  its  most  recent  annual  report  on  Form  10-K and the most recent
quarterly report on Form 10-Q.  Investors are reminded that past performance may
not  be  predictive  of  future  results.