News Flash

Wilsons Leather May sales jump 11%

02 Jun '05

2 min read

Leading specialty leather outerwear, apparel & accessories retailer Wilsons The Leather Experts Inc reported sales for the four weeks ended May 28, 2005 increased 7.6% to $17.2 million as compared to $16.0 million for the four weeks ended May 29, 2004.

Year-to-date sales decreased 10.7% to $101.5 million compared to $113.8 million for the same period last year. Sales for the prior year-to-date period included approximately $20.8 million in liquidation sales resulting from the transfer of inventory to an independent liquidator.

Comparable store sales incremased 11.0% for the four weeks ended May 28, 2005; this increase compares to a 6.4% decrease in comparable store sales for the four weeks ended May 29, 2004.

Year-to-date comparable store sales increased 15.0% compared to a decrease of 2.8% in the same period last year. Comparable store sales for the prior year-to-date period do not include sales from stores that were liquidated.

Commenting on these results, Michael Searles, Chief Executive Officer, said, "We are pleased with our results for the month of May. May has always been one of our lowest volume months during the year. Strong sales in men's and women's outerwear, as well as cooler weather in most of our markets helped lift our sales performance. Our focus continues to be on executing strategies that will ensure a successful holiday selling season."

As of May 28, 2005, Wilsons Leather operated 430 stores located in 45 states, s, including 306 mall stores, 109 outlet stores and 15 airport stores. The Company regularly supplements its permanent mall stores with seasonal stores during its peak selling season from October through January.

Wilsons The Leather Experts Inc

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