News

Signs of a turnaround at Wilsons?

21/11/2007

American retailer of leather outerwear and accessories Wilsons The Leather Experts Inc. continues to struggle and reported further declines for the third quarter ended November 3, as net sales decreased 10.3% to $57.8 million, down from $64.5 million for the same period last year, and the company posted a net loss of $18.5 million. Comparable store sales also slipped, falling 13.3%, although this was an improvement on the decrease of 15.5% reported in the same period last year.

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