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Wilsons Leather Experts Inc Q3 net sales down 13%
17 Nov '05
3 min read
The net loss for the current nine-month period was $29.5 million, or $0.76 per basic and diluted share. This compares to a net loss of $65.7 million, or $2.29 per basic and diluted share, in the first three quarters of 2004.
Included in the results for the 2004 fiscal year is a net loss of $25.1 million, or $0.88 per basic and diluted share, related to the transfer of inventory to an independent liquidator in conjunction with the closing of 111 stores, accelerated depreciation, fixed asset write-offs, lease termination costs related to store closings, severance, and other restructuring charges.
Net loss for the 2004 nine-month period, when adjusted to remove the $25.1 million in charges related to store closings and restructuring, was $40.6 million, or $1.41 per basic and diluted share.
Minneapolis based Wilsons Leather is the leading specialty retailer of leather outerwear, accessories and apparel in the United States. As of August 27, 2005, Wilsons Leather operated 428 stores located in 45 states, including 305 mall stores, 109 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.
Included in the results for the 2004 fiscal year is a net loss of $25.1 million, or $0.88 per basic and diluted share, related to the transfer of inventory to an independent liquidator in conjunction with the closing of 111 stores, accelerated depreciation, fixed asset write-offs, lease termination costs related to store closings, severance, and other restructuring charges.
Net loss for the 2004 nine-month period, when adjusted to remove the $25.1 million in charges related to store closings and restructuring, was $40.6 million, or $1.41 per basic and diluted share.
Minneapolis based Wilsons Leather is the leading specialty retailer of leather outerwear, accessories and apparel in the United States. As of August 27, 2005, Wilsons Leather operated 428 stores located in 45 states, including 305 mall stores, 109 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 Experts Inc
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