Sales slip again at Wilsons The Leather Experts

03/08/2006

US specialty retailer of leather outerwear, accessories and apparel, Wilsons The Leather Experts Inc., has reported another fall in sales for the four weeks ended July 29. Sales fell to $16.1 million compared with $19.5 million for the four weeks ended July 30, 2005. Year-to-date sales for the company's stores decreased 13.2% to $123.8 million compared with $142.7 million for the same period last year.

Comparable store sales decreased 18.3% for the four-week period compared with an 8.7% increase in comparable store sales for the comparable four weeks last year. Year-to-date comparable store sales decreased 13% compared with an increase of 12.8% for the same period in 2005.

Wilsons Leather operates 422 stores located in 45 states, including 296 mall stores, 112 outlet stores and 14 airport stores.