Sales fall at Wilsons
Comparable store sales decreased 18.5% for the four weeks ended August 26, whilst year-to-date comparable store sales decreased 13.7%.
Michael Searles, chairman and chief executive officer, commented, "As expected, our August comparable store sales results were negatively impacted by the significant transition that has been underway in our mall-based stores. The physical transformation of our stores was completed during the last week of August. New product began to arrive during that week; however, the bulk of our new receipts will be coming in during September and October.”