Wilson Leather's Q4 sales fall 10.6% due to cut throat competition
Mar '06
Net sales for the fourth quarter ended January 28, 2006 decreased 10.6 percent to $178.9 million compared to $200.1 million for the same period last year.
Comparable store sales decreased 10.0 percent compared to a decrease of 3.8 percent in the same period last year.
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Wilsons Leather is the leading specialty retailer of leather outerwear, accessories and apparel in the United States.
As of January 28, 2006, Wilsons Leather operated 422 stores located in 45 states, including 298 mall stores, 110 outlet stores and 14 airport stores.
The Company has traditionally supplemented 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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