BNET Industries

Last Fiscal Year Sales:$280.4M
  • Public
  • US
Dow Jones Description

We are a specialty retailer of quality leather outerwear, accessories and apparel in the United States. Our multi-channel store locations are designed to target a broad customer base with a superior level of customer service. At May 3, 2008, we operated 228 stores located in 39 states, including 100 mall stores, 114 outlet stores and 14 airport locations. Through our international leather sourcing network and relationships with vendors of nationally recognized designer brands, we are able to consistently provide our customers with quality, fashionable merchandise at attractive prices. Our business structure results in shorter lead times, allowing us to react quickly to popular and emerging fashion trends and customer preferences, rapidly replenish fast-selling merchandise and minimize fashion risk. We measure performance using such key operating statistics as comparable store sales, net sales per square foot, gross margin percentage, and store operating expenses, with a focus on labor, as a percentage of net sales. These results translate into store operating contribution and store cash flow, which we use to evaluate overall performance on an individual store basis. Store operating contribution is calculated by deducting a stores operating expenses from its gross margin and is measured as a percentage of net sales. Store operating contribution gives us an overall measure as to whether or not individual locations and markets are meeting our financial objectives. ...

Number of Employees 2,998
Contact Information

7401 Boone Ave N

Brooklyn Park, Minnesota 55428-1007

wilsonsleather....

(763) 391-4000

NAICS Code Family Clothing Stores: 448140

News & Analysis

wilsons the leather experts inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Mark G. Schoeppner President
Jeffrey M. Loeb Chief Information Officer
Michael J. McCoy Executive Vice President and Chief Financial Officer
Stacy Kruse Chief Financial Officer and Treasurer
William S. Hutchison Chief Msing & Sourcing Officer
Adam Boucher Vice President, Store Sales and Real Estate
M. Adam Boucher Vice President, Store Sales & Real Estate
Michael J. Tripp Vice President, Glob Logistics & Cust Comp
Michael T. Sweeney Managing Partner of Goldner Hawn
Darren L. Acheson Investment Professional With Goldner Hawn
Philip S. Garon Corporate Secretary

Board of Directors

Name (plus bio) Position
William F. Farley Chair
Brad Johnson Board of Directors
David L. Rogers Board of Directors
Gail A. Cottle Board of Directors
Joel N. Waller Board of Directors
Joseph M. Heinen Board of Directors
Michael Searles Board of Directors
Michael T. Cowhig Board of Directors
Morris Goldfarb Board of Directors
Peter V. Handal Board of Directors
R. Ted Weschler Board of Directors

Organization Position Status
Wilsons The Leather Experts Inc. President Current
Wilsons The Leather Experts Inc. Board of Directors Current

Jeffrey M. Loeb joined our company as Chief Information Officer on March 27, 2007. Prior to becoming an executive officer of Wilsons Leather, Mr. Loeb served as an information technology consultant since November 2004, and in that capacity he provided consulting services to Wilsons Leather from June 2006 to March 2007. Mr. Loeb previously served in various information technology positions at Best Buy, a consumer electronics retailer, including most recently as a Program Director, from 2000 to November 2004.

Organization Position Status
Wilsons The Leather Experts Inc. Chief Information Officer Current

Organization Position Status
Hormel Foods Corporation Chief Financial Officer Current
Wilsons The Leather Experts Inc. Executive Vice President and Chief Financial Officer Current
Fort Dodge Foods, Inc. Executive Vice President Current
Hormel Foods Corporation Director Current
Wilsons The Leather Experts Inc. Board of Directors Current
Hormel Foods Corporation Senior Vice President Former

Organization Position Status
Wilsons The Leather Experts Inc. Chief Financial Officer and Treasurer Current

Organization Position Status
Wilsons The Leather Experts Inc. Chief Msing & Sourcing Officer Current
Wilsons The Leather Experts Inc. Vice President Former

Organization Position Status
Wilsons The Leather Experts Inc. Vice President, Store Sales and Real Estate Current

Organization Position Status
Wilsons The Leather Experts Inc. Vice President, Store Sales & Real Estate Current

Organization Position Status
Wilsons The Leather Experts Inc. Vice President, Glob Logistics & Cust Comp Current

Mike was recruited by the company's founders in 2000. When Mike joined the firm, he brought with him a wealth of experience in both operating management and corporate finance roles, most recently as President of Starbucks Coffee Company (UK) Ltd. in London. Prior to his international corporate leadership experience, Mike spent several years as an entrepreneur developing and selling franchise companies for both Blockbuster Video and Papa John's Pizza. While he was at Blockbuster, he had the opportunity to work closely with Goldner Hawn when it became the business' lead investor. Mike's career in corporate finance also includes Merrill Lynch in New York and Phoenix and a boutique investment banking business he launched, built and sold. Mike currently serves on the board of Goldner Hawn portfolio companies Allen-Edmonds and Transport America. He also holds a board position at the Guthrie Theater, and formerly, at the Walker Art Center. Mike is also a director at First Solar Corporation.

Organization Position Status
Goldner Hawn Johnson & Morrison Inc. Managing Partner Current
Wilsons The Leather Experts Inc. Managing Partner of Goldner Hawn Current
Transport Corporation of America, Inc. Board of Directors Current
Wilsons The Leather Experts Inc. Board of Directors Current
Gunther Portfolio Director Current
Allen-Edmonds Shoe Corp. Board of Directors Current
Vitality Foodservice Inc. Board of Directors Current
First Solar, Inc. Board of Directors Current
First Solar, Inc. Committee Member Current
Starbucks Corporation President Former
Goldner Hawn Johnson & Morrison Inc. Managing Director Former
Merrill Lynch & Co., Inc. NA Former
First Solar, Inc. Independent Director Former
Swarthmore College graduate Former

Organization Position Status
Goldner Hawn Johnson & Morrison Inc. Managing Director Current
Wilsons The Leather Experts Inc. Investment Professional With Goldner Hawn Current
The Nature Conservancy Executive Board Member Current
Vitality Foodservice Inc. Director Current
Wilsons The Leather Experts Inc. Director Current
Houlihan's Restaurants, Inc. Director Current
Goldner Hawn Johnson & Morrison Inc. Principal Former
Piper Jaffray Companies senior investment banker Former
Food Service Inc. Former
Vicorp Restaurants, Inc. Former
Kellogg School of Management at Northwestern University graduate Former
Yale University graduate Former

Organization Position Status
Wilsons The Leather Experts Inc. Corporate Secretary Current
University of Minnesota Law School Former
Minnesota Law Co-Author Current
Wilsons The Leather Experts Inc. Secretary Current
Visitors Vice Chairman of the Board Current

William F. Farley has served as Founder and Chief Executive Officer of Livingston Capital, a private investment firm, since January 2003. Mr. Farley served as Chairman and Chief Executive Officer of Science, Inc., a medical device company, from October 2000 to December 2002. Mr. Farley served as Chairman and Chief Executive Officer of Kinnard Investments, Inc. an investment securities firm, from 1997 to 2000. Mr. Farley served as Vice Chairman of First Bank Systems (now US Bancorp), a financial services holding company, from 1990 to 1996. Mr. Farley is a director of Harte-Hanks, Inc.

Organization Position Status
Wilsons The Leather Experts Inc. Chair Current
The Science Company Chief Executive Officer Former
The Science Company Chairman Former

Organization Position Status
Wilsons The Leather Experts Inc. Board of Directors Current

David L. Rogers has served as a retail consultant and private investor since August 2004. Mr. Rogers served as President and Chief Operating Officer of Wilsons Leather from April 1992 to August 2004. In 1988, Mr. Rogers joined Wilsons Leather as Executive Vice President and Chief Operating Officer when Bermans The Leather Experts, Inc., a specialty leather retailer, was acquired by Wilsons Leather, and he served in such capacity until April 1992. Mr. Rogers served as Chief Operating Officer of Bermans The Leather Experts, Inc., from 1983 to 1988 and Chief Financial Officer from 1980 to 1984.

Organization Position Status
Wilsons The Leather Experts Inc. Board of Directors Current
Wilsons The Leather Experts Inc. President Former
Wilsons The Leather Experts Inc. Chief Operating Officer Former
Bermans The Leather Experts Inc. Chief Operating Officer Former
Wilsons The Leather Experts Inc. Executive Vice President Former

Organization Position Status
Wilsons The Leather Experts Inc. Board of Directors Current
Nordstrom, Inc. President Former

Organization Position Status
Wilsons The Leather Experts Inc. Board of Directors Current

Joe joined Goldner Hawn in 2001 after serving as Director of Business Development for an Internet startup. Prior to his Web venture, Joe spent three years as a merger and acquisition consultant in the Corporate Development group of Arthur Andersen LLP where he had the opportunity to work with Goldner Hawn on several assignments. Past career experience also includes business consulting with Towers Perrin. Joe was promoted to Vice President at Goldner Hawn in 2004 and to Principal in 2006. Joe currently serves on the board of Goldner Hawn portfolio company Transport America. Joe is a graduate of Knox College.

Organization Position Status
Goldner Hawn Johnson & Morrison Inc. Vice President Current
Goldner Hawn Johnson & Morrison Inc. Principal Current
Wilsons The Leather Experts Inc. Board of Directors Current
Remmele Engineering, Inc. Board of Directors Current
Towers Perrin consultant Former
Arthur Andersen LLP merger and acquisition consultant Former
Towers Perrin consultant Former
Knox College graduate Former

Organization Position Status
Wilsons The Leather Experts Inc. Board of Directors Current
The Limited Stores Chief Executive Officer Former
Wilsons The Leather Experts Inc. Chairman and Chief Executive Officer Former
Kids Ltd. President Former
The Limited Stores Chairman of the Board Former

Organization Position Status
Rubbermaid, Inc. Current
Newell Rubbermaid Inc. Director Current
Wilsons The Leather Experts Inc. Board of Directors Current

Morris Goldfarb is our Chairman of the Board and Chief Executive Officer, as well as one of our directors. Until April 1997, Mr. Goldfarb also served as our President. Mr. Goldfarb has served as an executive officer of G-III and our predecessors since our formation in 1974. Mr. Goldfarb is also a director of Lakes Entertainment, Inc.

Organization Position Status
G-III Apparel Group, Ltd. Chief Executive Officer Current
Leather Apparel Association President Current
Giii Ltd. Vice President Current
Giii Ltd. Executive Officer Current
G-III Apparel Group, Ltd. Executive Officer Current
G-III Apparel Group, Ltd. Chairman of the Board Current
Giii Ltd. Director Current
Wilsons The Leather Experts Inc. Board of Directors Current
Lakes Entertainment, Inc. Director Current
Leather Apparel Association Director Current
Lakes Entertainment, Inc. Chairman and Chief Executive Officer of G, III Apparel Group, Ltd. Former
Grand Casinos Inc. Board of Directors Former
G-III Apparel Group, Ltd. Director Former

Organization Position Status
Dale Carnegie Training President & CEO Current
Dale Carnegie Institute of Long Island President Current
Dale Carnegie & Associates, Inc. Chairman of the Board Current
Wilsons The Leather Experts Inc. Board of Directors Current
Wilsons The Leather Experts Inc. Chairman of the Board With Dale Carnegie & Associates, Inc. Former
The Limited Stores Director Former

Organization Position Status
Wilsons The Leather Experts Inc. Board of Directors Current

Executive News

  • G-III Apparel Q2 net loss narrows

    TradingMarkets - 9/07/09 - View Story

  • G-III Apparel Group Ltd. posted

    Sports One Source - 9/04/09 - View Story

  • G-III Apparel Group Q2 Net Loss Narrows; Guides FY10 - Update

    RTTNews.com - 9/03/09 - View Story

  • UPDATE 1-G-III posts narrower-than-expected Q2 loss

    Reuters - 9/03/09 - View Story

  • G-III Apparel Group, Ltd. Announces Second Quarter Fiscal Year 2010 Results

    Business Wire - 9/03/09 - View Story

  • Ex-WSJ publisher among picks to lead Star Tribune

    San Jose Mercury News - 8/31/09 - View Story