Wilsons The Leather Experts sales decrease in January

03/02/2006

Specialty retailer of leather outerwear, accessories and apparel in the United States Wilsons The Leather Experts Inc. has reported that sales for the four weeks ended January 28 decreased 10.2% to $27.4 million compared with $30.5 million for the four weeks ended January 29, 2005. Year-to-date sales decreased 9.8% to $398 million compared to $441.1 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 decreased 12.7% for the four weeks ended January 28; this decrease compares with a 1.1% decrease in comparable store sales for the four weeks ended January 29, 2005. Year-to-date comparable store sales decreased 2.9% compared to an increase of 0.6% 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.