| Business Summary | | Wilsons
The
Leather
Experts
Inc.
is
a
specialty
retailer
of
high-quality
leather
outerwear,
apparel
and
accessories,
as
well
as
travel
products
and
accessories.
Utilizing
its
integrated
worldwide
leather
sourcing
network
and
in-house
design
capabilities,
the
Company
provides
its
customers
with
high-quality,
fashionable
merchandise
by
reacting
to
popular
and
emerging
fashion
trends
and
customer
preferences
and
replenishing
fast-selling
merchandise.
As
of
April
14,
2001,
the
Company
operated
a
total
of
722
stores
located
in
46
states,
the
District
of
Columbia,
Guam,
Puerto
Rico,
Canada
and
the
United
Kingdom.
The
Wilsons
Leather
concept
included
470
mall
stores,
77
outlet
stores
and
31
airport
locations.
Each
year,
the
Company
supplements
its
permanent
stores
with
temporary
holiday
stores
during
the
peak
selling
season,
which
totaled
239
in
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WLSN
is
a
retailer
of
leather
outerwear,
apparel
and
accessories.
As
of
04/01,
WLSN
operated
722
stores
in
46
states,
the
District
of
Columbia,
Guam,
Canada,
Puerto
Rico
and
England.
For
the
13
weeks
ended
5/5/01,
net
sales
rose
30%
to
$117.5
million.
Net
loss
before
extraordinary
item
totaled
$3.7
million,
up
from
$754
thousand.
Results
reflect
increased
sales
in
outlet
and
mall
stores
and
the
addition
of
new
stores,
offset
by
lower
margins
due
to
lower
sales
of
higher
margin
products. Recent Earnings Announcement For
the
3
months
ended
08/04/2001,
revenues
were
94,165;
after
tax
earnings
were
-22,796. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Joel Waller, 60 Chairman,
CEO | $771K | David Rogers, 57 Pres,
COO, Director | 770K | Peter Michielutti CFO,
Sr. VP | -- | John Serino, 50 Exec.
VP, Store Sales | 439K | W. Bode, 55 Sr.
VP--Wilsons, Gen. Mang. Outlet Division | -- | Dollar
amounts are as of 30-Jan-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|