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Wilsons Leather's accessories sales soar

21
May '08
Across all channels, handbag comparable store sales results were up 28.1%. The Company believes that the first quarter results indicate that the strategic shift toward a predominantly accessories based assortment is headed in the right direction.

The Company continues to face many challenges and will need to successfully mitigate these challenges in order to convert its go-forward mall stores into an accessories concept. The Company needs to successfully exit all of the lease obligations in the stores that were recently closed, raise capital and lessen some of the current restrictions in its credit agreement.

Wilsons The Leather Experts Inc


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