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. ...
President
Mark G. SchoeppnerNumber of Employees 2,998
Contact Information
7401 Boone Ave N
Brooklyn Park, Minnesota 55428-1007
(763) 391-4000
Peer Companies
NAICS Code Family Clothing Stores: 448140
News & Analysis
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wilsons the leather experts inc. - All News and Analysis
Wilsons The Leather Experts Inc. Announces First Quarter 2008 Operating Results
MINNEAPOLIS -- Wilsons The Leather Experts Inc. (NASDAQ: WLSN) today announced results for the quarter ended May 3, 2008. Net sales decreased 14.0% to $36.4 million compared to $42.4 million for the same period last year. Sales related to the 163 stores that closed during the first quarter of 2008...
Wilsons The Leather Experts Inc. Announces Fourth Quarter and Full-Year 2007 Operating Results
MINNEAPOLIS -- Wilsons The Leather Experts Inc. (NASDAQ: WLSN) today announced results for the quarter and full year ended February 2, 2008. Net sales for the fourth quarter ended February 2, 2008 decreased 8.7% to $121.4 million compared to $133.0 million for the same period last year. Comparable store...
Wilsons Leather to close stores in Bay Area
Wilsons The Leather Experts Inc., which has four East Bay stores, has decided to close as many as 160 mall locations, about two- thirds of its total mall stores, the company announced Friday. Managers of several Bay Area stores said the company's mall stores in Concord, Hayward,...
Wilsons The Leather Experts Inc. Announces January Comparable Store Sales Increase of 10.4% and Fourth Quarter 2007 Earnings Conference Call Information
MINNEAPOLIS -- Wilsons The Leather Experts Inc. (NASDAQ:WLSN) today reported a sales decrease of 14.8% to $21.9 million for the four weeks ended February 2, 2008 as compared to $25.7 million for the five weeks ended February 3, 2007. Year-to-date sales for the Company's stores decreased 12.7% to $280.4 million...
Wilsons The Leather Experts Inc. Announces December Comparable Store Sales Decrease of 7.1%
MINNEAPOLIS -- Wilsons The Leather Experts Inc. (NASDAQ:WLSN) today reported a sales decrease of 13.0% to $65.9 million for the five weeks ended January 5, 2008 as compared to $75.7 million for the five weeks ended December 30, 2006. Year-to-date sales for the Company's stores decreased 12.5% to $258.5 million...
Wilsons The Leather Experts Inc. Announces the Closing of $45.0 Million Equity Investment
MINNEAPOLIS -- Wilsons The Leather Experts Inc. (NASDAQ:WLSN) announced today that it completed the closing of its private placement of a newly created series of convertible Preferred Stock and warrants to purchase Wilsons Leather Common Stock. Wilsons Leather issued 45,000 shares of Preferred Stock to an affiliate of Goldner Hawn...
Wilsons The Leather Experts Inc. Announces May Comparable Store Sales Decrease of 25.0%
MINNEAPOLIS -- Wilsons The Leather Experts Inc. (NASDAQ:WLSN) today reported sales of $11.4 million for the four weeks ended June 2, 2007 as compared to $15.6 million for the four weeks ended May 27, 2006. Year-to-date sales for the Company's stores decreased 23.7% to $69.0 million compared to $90.3 million...
Wilsons The Leather Experts Inc. Announces Goldner Hawn To Lead $45.0 Million Equity Investment
MINNEAPOLIS -- Wilsons The Leather Experts Inc. (NASDAQ:WLSN) today announced that it has entered into a definitive securities purchase agreement for the sale, in a private placement, of a newly created series of convertible Preferred Stock and warrants to purchase Wilsons Leather Common Stock. The securities will be issued to...
Wilsons The Leather Experts Inc. Announces January Comparable Store Sales Decrease of 20.0%
MINNEAPOLIS -- Wilsons The Leather Experts Inc. (NASDAQ:WLSN) today reported sales of $25.7 million for the five weeks ended February 3, 2007 as compared to $27.4 million for the four weeks ended January 28, 2006. Sales for the Company's stores decreased 19.3% to $321.3 million for 2006 compared to $398.0...
Fundamental Review for Wilsons The Leather Experts Inc.
M2 PRESSWIRE-13 December 2006-bellwetherreport.com: Fundamental Review for Wilsons The Leather Experts IncC1994-2006 M2 COMMUNICATIONS LTD RDATE:13122006 Fundamental Review for Wilsons The Leather Experts Inc (NASDAQ:WLSN) Wilsons The Leather Experts, Inc. WLEI operates as a specialty retailer of...
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
-
G-III Apparel Group Ltd. posted
-
G-III Apparel Group Q2 Net Loss Narrows; Guides FY10 - Update
-
UPDATE 1-G-III posts narrower-than-expected Q2 loss
-
G-III Apparel Group, Ltd. Announces Second Quarter Fiscal Year 2010 Results
-
Ex-WSJ publisher among picks to lead Star Tribune
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