1016607--4/14/2008--WILSONS_THE_LEATHER_EXPERTS

related topics

{condition, economic, financial}

{stock, price, operating}

{customer, product, revenue}

{acquisition, growth, future}

{regulation, change, law}

{tax, income, asset}

{product, market, service}

{personnel, key, retain}

{investment, property, distribution}

{cost, regulation, environmental}

We may not be able to exit store leases for the 158 liquidation stores on terms that are acceptable to us and to our lender. We may not be able to utilize our tax net operating loss carryforwards. We may not be able to expand our accessories business or acquire suitable accessories brands. Our growth is dependent on strengthening the operating performance of our existing stores and development of our accessories concept. Our comparable store sales declined during each of the last three years. We are dependent upon our key suppliers to implement our merchandising strategy to offer designer brands in our stores accessories and outerwear product mix. Changes in customer shopping patterns could harm our sales. We may need to record additional impairment losses in the future if our stores operating performance does not improve. The high level of competition in our markets may lead to reduced sales and profits. Uncertainty in general economic conditions may lead to reduced consumer demand for our outerwear, accessories and apparel and could adversely affect our business and liquidity. Unseasonably warm weather, particularly during the fall and winter, has in the past and may in the future negatively effect our sales performance. Our inability to effectively respond to changes in fashion trends and consumer demands could adversely affect our sales. A decrease in the availability of leather or an increase in its price could harm our business. We could have difficulty obtaining merchandise from our foreign suppliers. The seasonality of our business could affect our profitability. Our accounting policies and methods are key to how we report our financial condition and results of operations and they may require management to make estimates about matters that are inherently uncertain. Changes to financial accounting standards may affect our results of operations and cause us to change our business practices. Loss of key members of our senior management team could adversely affect our business. Ownership of our common stock is concentrated. The market price for our common stock may be volatile.

Full 10-K form ▸

1016607--4/14/2008--WILSONS_THE_LEATHER_EXPERTS_INC