Further sales decline at Wilsons - leatherbiz: Leading news site for t Leatherbiz

News

Further sales decline at Wilsons

04/01/2007

US leather outerwear, accessories and apparel retailer Wilsons The Leather Experts Inc. has reported sales of $75.7 million for the five weeks ended December 30, compared with $110.2 million for the five weeks, ended December 31, 2005. Year-to-date sales decreased by 20.3% to $295.5 million compared with $370.6 million for the same period last year.

Comparable store sales decreased 23.1% for the five-week period compared with a 7.7% decrease for the prior year period. Year-to-date comparable store sales decreased by 17% compared with a decrease of 2.2% for the same period last year.

According to chairman and chief executive officer Michael Searles, accessories continue to outperform outerwear as sales continue to be negatively impacted by warmer weather.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.