Shares of Wilsons the Leather Experts have fallen by as much as 22% in the wake of the company’s reduced profit forecast for the year-end. Last week, share prices dropped $1.99 to $8.30.

Minneapolis-based Wilson has experienced a 37% drop in stock over the past year. Profit is now estimated to be in the region of $0.51 to $0.56 a share, less than its prior forecast of $0.88 to $0.93, according to a company statement. Sales are expected to be $775 million to $785 million for the fiscal year 2002.