Wilsons Leather – The Beginning Of The End

It’s amazing how much one can tell by simply looking at a retailers ecommerce site. Over the months I’ve severely criticized Wilsons Leather (here), and now, the company is finally admitting failure.

This morning Chain Store Age (login required) reported:

Wilsons The Leather Experts Inc. will close the majority of its 260 mall locations and cut more than 1,000 jobs, the company said Friday.

Wilsons will keep 100 stores open, revamping them under its new “Studio” concept, which is focused on fashion accessories from major brands for women. All stores should be remodeled by August.

Goodbye, old fool.