EXHIBIT 21 TANDYCRAFTS, INC. Significant Subsidiaries of Tandycrafts, Inc. as of June 30, 1994 Jurisdiction of Subsidiary's Legal Name Doing Business As Incorporation ----------------------- ----------------- ------------- Casual Concepts, Inc. Cargo Furniture & Accents Texas, U.S.A. Development Association, Inc. Joshua's Christian Stores Texas, U.S.A. Sav-On, Inc. Sav-On Discount Office Supplies Texas, U.S.A. Nocona Belt Company Texas, U.S.A. David James Manufacturing, Inc. David James Fashions Texas, U.S.A. Brand Name Apparel, Inc. The Leather Factory Texas, U.S.A. TAC Holdings, Inc. Delaware, U.S.A. PLC Leather Company Prestige Leather Creations Nevada, U.S.A. TandyArts, Inc. Impulse Designs Nevada, U.S.A. College Flags and Manufacturing Company, Inc. College Flags/TAG Express South Carolina, U.S.A. Hermitage Fine Arts, Inc. Hermitage Fine Arts Nevada, U.S.A. Each of the corporations listed is a direct subsidiary of Tandycrafts, Inc., which owns 100% of the voting securities of each, except for TAC Holdings, Inc. which is 100% owned by Tandycrafts, Inc. and its various subsidiaries, and Hermitage Fine Arts, Inc., which is 100% owned by TandyArts, Inc. Each of the above subsidiaries is included in the Tandycrafts, Inc. Consolidated Financial Statements for fiscal 1994.