exv99w2

Exhibit 99.2

WILSONS THE LEATHER EXPERTS INC. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION — CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share amounts)
(Unaudited)

Reconciliation of GAAP Consolidated Statement of Operations to Adjusted Statement of Operations:


	For the three months ended						For the three months ended
				Restructuring
	July 31, 2004			and other			July 31, 2004
	As reported⁽¹⁾			charges⁽¹⁾⁽²⁾			As adjusted
NET SALES	$	55,330		$	—		$	55,330
COST OF GOODS SOLD, BUYING AND OCCUPANCY COSTS		45,636			(1,256	)		46,892

Gross margin		9,694			1,256			8,438
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		33,646			9,052			24,594
DEPRECIATION AND AMORTIZATION		4,539			423			4,116

Operating loss		(28,491	)		(8,219	)		(20,272	)
INTEREST EXPENSE, net		1,953			—			1,953

Loss before income taxes		(30,444	)		(8,219	)		(22,225	)
INCOME TAX PROVISION		—			—			—

Net loss	$	(30,444	)	$	(8,219	)	$	(22,225	)

BASIC AND DILUTED LOSS PER SHARE:
Basic and diluted loss per share	$	(1.14	)	$	(0.31	)	$	(0.83	)

Weighted average shares outstanding — basic and diluted		26,698			—			26,698


(1)		Reclassified for the presentation of certain lease accounting issues clarified by the Office of the Chief Accountant of the Securities and Exchange Commission in a letter to the American Institute of Certified Public Accountants on February 7, 2005.

(2)		Includes $8.2 million related primarily to lease termination costs and asset write-offs related to store closings and other restructuring costs.

WILSONS THE LEATHER EXPERTS INC. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION — CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share amounts)
(Unaudited)

Reconciliation of GAAP Consolidated Statement of Operations to Adjusted Statement of Operations


	For the year-to-date						For the year-to-date
	period ended			Restructuring			period ended
	July 31, 2004			and other			July 31, 2004
	As reported⁽¹⁾			charges⁽¹⁾⁽²⁾			As adjusted
NET SALES	$	153,081		$	20,778		$	132,303
COST OF GOODS SOLD, BUYING AND OCCUPANCY COSTS		121,454			17,226			104,228

Gross margin		31,627			3,552			28,075
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		61,755			12,306			49,449
DEPRECIATION AND AMORTIZATION		22,411			13,643			8,768

Operating loss		(52,539	)		(22,397	)		(30,142	)
INTEREST EXPENSE, net		4,697			—			4,697

Loss before income taxes		(57,236	)		(22,397	)		(34,839	)
INCOME TAX PROVISION		—			—			—

Net loss	$	(57,236	)	$	(22,397	)	$	(34,839	)

BASIC AND DILUTED LOSS PER SHARE:
Basic and diluted loss per share	$	(2.42	)	$	(0.95	)	$	(1.47	)

Weighted average shares outstanding — basic and diluted		23,693			—			23,693


(1)		Reclassified for the presentation of certain lease accounting issues clarified by the Office of the Chief Accountant of the Securities and Exchange Commission in a letter to the American Institute of Certified Public Accountants on February 7, 2005.

(2)		Includes $22.4 million related primarily to the transfer of inventory to an independent liquidator in conjunction with the closing of approximately 111 stores, lease termination costs, accelerated depreciation, and asset write-offs related to store closings, and other restructuring costs.