OFF THE ROAD AGAIN: Wilsons The Leather Experts Inc. on Tuesday said it will liquidate its travel subsidiaries, sales of which declined 8.9 percent in the third quarter. Overall, the firm’s third-quarter loss widened to $17 million, or 84 cents a...
OFF THE ROAD AGAIN: Wilsons The Leather Experts Inc. on Tuesday said it will liquidate its travel subsidiaries, sales of which declined 8.9 percent in the third quarter. Overall, the firm’s third-quarter loss widened to $17 million, or 84 cents a diluted share, on a 5.9 percent drop in sales to $132.6 million from a year ago. Same-store sales for the quarter dropped 7.2 percent, due mostly to reduced revenue from decreased mall traffic.
This story first appeared in the November 20, 2002 issue of WWD. Subscribe Today.
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