Home / Knowledge / News / Fashion / Unfavorable weather impacted Wilsons Leather's Nov sales

Unfavorable weather impacted Wilsons Leather's Nov sales

Dec '05
Leather outerwear, accessories and apparel maker Wilsons Leather Experts Inc reported that sales for the four weeks ended November 26, 2005 decreased 15.1 Percent to $41.3 million as compared to $48.6 million for the four weeks ended November 27, 2004.

Year-to-date sales decreased 10.1 Percent to $260.4 million compared to $289.6 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 13.8 Percent for the four weeks ended November 26, 2005; this decrease compares to a 3.1 Percent decrease in comparable store sales for the four weeks ended November 27, 2004. Year-to-date comparable store sales increased 0.1 Percent compared to an increase of 3.3 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, "Our comparable store sales results for the month were lower than expected. Unfavorable weather patterns impacted our early November sales.

In addition, while our gross margin dollar contribution for the post Thanksgiving week exceeded last year, our sales performance was disappointing. As a result of our improved margin rate when compared to last year, we continue to be cautiously optimistic as we enter the Holiday selling season."

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

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 21st Feb 2020

France unveils environment score system for apparel

France has launched a system under which apparel may now display a...

Pic: Asia Pacific Rayon

Textiles | On 21st Feb 2020

APR’s new viscose rayon production facility inaugurated

The president of Indonesia, Joko Widodo, has inaugurated Indonesia's...

Pic: II.studio / Shutterstock.com

Fashion | On 21st Feb 2020

Re-commerce gaining momentum in India

The hazards of fashion industry are well-known, and to curb its...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Mehul Vithalani,

Mehul Vithalani

Gopi Knitts is one of the most celebrated manufacturers and suppliers of...

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

Joachim Maier,

Joachim Maier

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

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

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

Advanced Search