Accessories penetration to total sales grow at Wilsons The Leather

11 Oct '07

1 min read

Wilsons The Leather Experts Inc reported sales of $21.5 million for the five weeks ended October 6, 2007 as compared to $23.6 million for the five weeks ended September 30, 2006.

Year-to-date sales for the Company's stores decreased 14.9% to $139.0 million compared to $163.3 million for the same period last year.

Comparable store sales decreased 13.0% for the five weeks ended October 6, 2007; this decrease compares to a 15.5% decrease in comparable store sales for the five weeks ended September 30, 2006.

Year-to-date comparable store sales decreased 14.8% compared to a decrease of 14.0% for the same period last year.

Michael Searles, Chief Executive Officer, commented, "While September in total was disappointing, our mall-based accessories business exceeded both our planned sales and margin."

"Accessories penetration to total sales grew significantly year-over-year but was not enough to overcome the softness we experienced in our outerwear categories as a result of abnormally warm weather in most of our trading areas."

"Where weather patterns were cooler than normal, we experienced positive results, with our new designer branded offerings in outerwear performing best."

Wilsons The Leather Experts Inc

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