The announcement was contained in the New York-based company’s statement for the third quarter published yesterday, in which it posted a net loss of $17 million, or 84 cents per diluted share. Total sales were down 5.9% to $132.6 million, with an 8.9% decline being seen in the travel store business. Sales by the company’s non-travel Wilsons Leather stores were down 6.8%.

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