Wilsons the Leather Experts Inc. has posted its second quarter and year-to-date operating results for the period ended August 2, 2003.

For the quarter, the US-based company posted a net loss of $21.6 million, compared with a net loss of $27 million in 2002. Net sales decreased 5.5% to $59.8 million while comparable store sales fell 5.6%.

The firm posted a year-to-date net loss of $34.3 million, compared with $66.3 million in 2002. Sales declined 2% to $155.1 million, compared with $158.3 million. Comparable store sales were down 2.2%.

As of August 2, 2003, Wilsons operated 607 stores, located in 45 states and the District of Columbia, including 477 mall stores, 109 outlets and 21 airport stores. The company operated 284 seasonal stores in 2002 and plans to operate approximately 225 in 2003.

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