Women's accessories sales perk up at Wilsons Leather
06 Dec '07
2 min read
Wilsons The Leather Experts Inc reported a sales increase of 6.6% to $33.6 million for the four weeks ended December 1, 2007 as compared to $31.6 million for the four weeks ended November 25, 2006. Year-to-date sales for the Company's stores decreased 12.4% to $192.7 million compared to $219.9 million for the same period last year.
Comparable store sales increased 0.4% for the four weeks ended December 1, 2007; this increase compares to a 19.1% decrease in comparable store sales for the four weeks ended November 25, 2006. Year-to-date comparable store sales decreased 13.3% compared to a decrease of 14.7% for the same period last year.
Michael Searles, Chief Executive Officer, commented, "We are very pleased with our trend improvement in November, with results in all channels generating either flat or positive comparable store sales increases. Women's accessories and outerwear in all channels showed strong comparable store sales results in November.
Our sales accelerated significantly during the third week in November, culminating in a strong Thanksgiving weekend. We are encouraged that we were able to generate a positive comparable store sales increase during the month of November for the first time since 2000. As such, we remain optimistic regarding our prospects for the balance of the Holiday Season."