Wilsons The Leather Experts (WLSN) Nov Comps Down 19.1%
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Wilsons The Leather Experts Inc. (NASDAQ: WLSN) Comparable store sales decreased 19.1% for the four weeks ended November 25, 2006.
Michael Searles, Chairman and Chief Executive Officer, commented, "Our comparable store sales results for the month were lower than expected. Our performance in accessories has improved over previous months but warmer weather in most of our operating areas negatively impacted our outerwear business. As anticipated, our strategic decision not to repeat door busters and sale inserts in major market newspapers on Black Friday makes a comparison against last year's sales more difficult."
Michael Searles, Chairman and Chief Executive Officer, commented, "Our comparable store sales results for the month were lower than expected. Our performance in accessories has improved over previous months but warmer weather in most of our operating areas negatively impacted our outerwear business. As anticipated, our strategic decision not to repeat door busters and sale inserts in major market newspapers on Black Friday makes a comparison against last year's sales more difficult."
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