Wilsons Leather CEO happy with trend improvement in Jan

07 Feb '08

2 min read

Wilsons The Leather Experts Inc reported a sales decrease of 14.8% to $21.9 million for the four weeks ended February 2, 2008 as compared to $25.7 million for the five weeks ended February 3, 2007. Year-to-date sales for the Company's stores decreased 12.7% to $280.4 million compared to $321.3 million for the same period last year.

Comparable store sales increased 10.4% for the four weeks ended February 2, 2008; this increase compares to a 20.0% decrease in comparable store sales for the five weeks ended February 3, 2007. Year-to-date comparable store sales decreased 10.4% compared to a decrease of 17.2% for the same period last year.

Michael Searles, Chief Executive Officer, commented, "We are pleased with our trend improvement in January. All divisions posted positive comparable store sales results for the month. Our outerwear categories benefited from colder weather conditions and aggressive clearance activities."

On Tuesday, March 4, 2008 at 4:30 p.m. (ET), Wilsons Leather will hold a conference call to discuss the Company's fourth quarter results, which will be reported in a press release earlier that afternoon. Michael Sweeney, Chairman of the Board, Michael Searles, Chief Executive Officer and Stacy Kruse, Chief Financial Officer, will participate in the call.

Wilsons The Leather Experts Inc

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