Wilsons The Leather Experts (WLSN) May Comps Down 9.1%
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Wilsons The Leather Experts Inc. (NASDAQ: WLSN) said Comparable store sales decreased 9.1% for the four weeks ended May 27, 2006; this decrease compares to an 11.0% increase in comparable store sales for the four weeks ended May 28, 2005.
Year-to-date comparable store sales decreased 10.5% compared to an increase of 15.0% for the same period last year.
CEO, Michael Searles, said, "Our comparable store sales results continue to be negatively impacted as we transition our merchandise mix in preparation for our fall strategic initiatives associated with the re-engineering of our mall stores, which will begin to take place during the third quarter of 2006. We remain focused on executing strategies that will ensure a successful holiday selling season."
Year-to-date comparable store sales decreased 10.5% compared to an increase of 15.0% for the same period last year.
CEO, Michael Searles, said, "Our comparable store sales results continue to be negatively impacted as we transition our merchandise mix in preparation for our fall strategic initiatives associated with the re-engineering of our mall stores, which will begin to take place during the third quarter of 2006. We remain focused on executing strategies that will ensure a successful holiday selling season."
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