Specialty leather retailer Wilsons the Leather experts has announced a net loss of $8.5 million for the third quarter of the financial year 2004, however, this was an improvement on the same period in 2003 when the company reported losses of $11.6 million. Whilst comparable store sales results for the quarter brought positive news, increasing by 7.2%, net sales for the period dropped 10.2% to $87.9 million compared with $97.9 million in 2003.

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