Wilsons The Leather Experts Inc reported sales of $11.4 million for the four weeks ended June 2, 2007 as compared to $15.6 million for the four weeks ended May 27, 2006.
Year-to-date sales for the Company's stores decreased 23.7% to $69.0 million compared to $90.3 million for the same period last year.
Comparable store sales decreased 25.0% for the four weeks ended June 2, 2007; this decrease compares to a 9.1% decrease in comparable store sales for the four weeks ended May 27, 2006. Year-to-date comparable store sales decreased 21.5% compared to a decrease of 10.5% for the same period last year.
Michael Searles, Chairman and Chief Executive Officer, commented, "Despite an increase in dollars per transaction of 18.8% for the month, we continued to struggle from a traffic perspective during the month of May."
"Reduced year-over-year transaction volume was a key factor in our comparable store sales results. As such, we remain focused on implementing strategies that will help to increase traffic during the third and fourth quarters of 2007."
Wilsons The Leather Experts Inc
marketing@alchempro.com
