Sales at Wilsons The Leather Experts climb 6.9% in June
Wilsons The Leather Experts Inc. has reported that sales for the five weeks ended July 2, 2005 increased 3.6% to $21.7 million as compared to $21 million for the five weeks ended July 3, 2004. Year-to-date sales decreased 8.5% to $123.3 million compared to $134.7 million for the same period last year. Sales for the prior year-to-date period included approximately $20.8 million in liquidation sales resulting from the transfer of inventory to an independent liquidator.
Comparable store sales increased 6.9% for the five weeks ended July 2, 2005; this increase compares to a 19.2% increase in comparable store sales for the five weeks ended July 3, 2004. Year-to-date comparable store sales increased 13.4% compared to an increase of 0.7% in the same period last year. Comparable store sales for the prior year-to-date period do not include sales from stores that were liquidated.
Commenting on these results, Michael Searles, Chief Executive Officer, said, "We are pleased with our positive comparable store sales results for the month of June. July, which was up 21.1% last year, will be another month of tough comparable store sales comparisons; positive comparable store sales results of any size will be a victory."
