Home / Knowledge / News / Fashion / Wilson Leather registers disappointing Dec sales

Wilson Leather registers disappointing Dec sales

06
Jan '06
Leather outerwear, accessories and apparel maker Wilsons The Leather Experts Inc reported that sales for the five weeks ended December 31, 2005 decreased 8.9 percent to $110.2 million as compared to $120.9 million for the five weeks ended January 1, 2005.

Year-to-date sales decreased 9.7 percent to $370.6 million compared to $410.6 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 decreased 7.7 percent for the five weeks ended December 31, 2005; this decrease compares to a 4.7 percent decrease in comparable store sales for the five weeks ended January 1, 2005.

Year-to-date comparable store sales decreased 2.2 percent compared to an increase of 0.8 percent 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, "Their comparable store sales results for the month were below expectations.

Reduced traffic in their stores negatively impacted sales during the month.

While their sales performance was disappointing, their gross margin rates for the month came in higher than planned and exceeded last year.

The improvement in their margin rates with respect tolast year offset some of their sales shortfall."

Wilsons Leather is the leading specialty retailer of leather outerwear, accessories and apparel in the United States.

As of December 31, 2005, Wilsons Leather operated 428 stores located in 45 states, including 304 mall stores, 110 outlet stores and 14 airport stores.

The Company regularly supplements its permanent mall stores with seasonal stores during its peak selling season from October through January.

Wilsons Leather


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Devendra Gupta,

Devendra Gupta

Reforce, a start-up based in Gurgaon, aims to revolutionise the fitness...

Joachim Maier,

Joachim Maier

Switzerland-based Uster Technologies AG is the leading high technology...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search