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Strategies & Market Trends : Aardvark Adventures

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Dec 12 3:59 PM EST

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To: Bucky Katt who wrote (2734)	1/5/2007 8:04:12 AM
From: ~digs	Read Replies (2) of 7944

Warm weather sure doing a number on WLSN.. oversold? --------- Wilson's sees sharp drop in same-store sales Minneapolis/St. Paul Business Journal - 4:55 PM CST Thursday twincities.bizjournals.com Wilsons The Leather Experts Inc. said Thursday that same-store sales fell 23.1 percent in December. Brooklyn Park-based Wilsons (Nasdaq: WLSN), a retailer specializing in leather apparel, said it had total sales of $75.7 million for the five weeks ended December 30, compared to $110.2 million for the final five weeks of 2005. Same-store sales, or sales in stores that have been open at least one year, decreased 23.1 percent for the five weeks ended December 30, compared with a 7.7 percent decrease in the year-ago period. For the full year, same-store sales decreased 17.0 percent compared to a decrease of 2.2% for the same period last year. Michael Searles, chairman and chief executive officer, said in a statement that the company was disappointed with the results, attributing them to reduced traffic.

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