Wilsons appoints new chairman as sales slip further

10/08/2007


US
specialty retailer of leather outerwear, accessories and apparel Wilsons The Leather Experts Inc. has named Michael Sweeney, managing partner of Goldner Hawn Private Equity, to the position of non-executive chairman of the board. Mike Searles will continue as chief executive officer.

Meanwhile the company has reported a further slip in sales for July to $15.7 million from $16.1 million in the comparable period last year. Year-to-date sales decreased 18.3% to $101.2 million compared with $123.8 million.

Wilsons operates 411 stores located in 45 US states.