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December sees a significant rebound in traffic at Wilsons Leather
10
Jan '08
Wilsons The Leather Experts Inc reported a sales decrease of 13.0% to $65.9 million for the five weeks ended January 5, 2008 as compared to $75.7 million for the five weeks ended December 30, 2006. Year-to-date sales for the Company's stores decreased 12.5% to $258.5 million compared to $295.5 million for the same period last year.

Comparable store sales decreased 7.1% for the five weeks ended January 5, 2008 as compared to a 23.1% decrease for the five weeks ended December 30, 2006. Year-to-date comparable store sales decreased 11.8% compared to a decrease of 17.0% for the same period last year.

Michael Searles, Chief Executive Officer, commented, "After a strong Thanksgiving start, both traffic and comparable store sales for the first three weeks of December declined in the high teens. The last two weeks of December saw a significant rebound in traffic and, as a result, comparable store sales averaged an increase of over 25% in the final two weeks. This was a result of both the calendar shift and significantly increased traffic and conversion in our stores. The first week of January has started off strong as well."

Wilsons The Leather Experts Inc


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