8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)       April 21, 2008           

Wilsons The Leather Experts Inc.

(Exact name of registrant as specified in its charter)

Minnesota (State or other jurisdiction of incorporation)	000-21543 (Commission File Number)	41-1839933 (IRS Employer Identification No.)
7401 Boone Ave. N.
Brooklyn Park, Minnesota		55428
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code		(763) 391-4000

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
	Item 9.01 Financial Statements and Exhibits.
SIGNATURES
Press Release

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 15, 2008, Wilsons The Leather Experts Inc. (“Company”) received written notification from The Nasdaq Stock Market stating that, based upon the Company’s Form 10-K for the period ended February 2, 2008, which reported shareholders’ equity of $5.0 million, the Company does not comply with the minimum $10.0 million shareholders’ equity requirement for continued listing on The Nasdaq Global Market as set forth in Marketplace Rule 4450(a)(3).

On April 21, 2008, the Company issued a press release indicating that the Company seeks to comply with the written notification by providing The Nasdaq Stock Market, on or before April 30, 2008, a specific plan to achieve and sustain compliance with all of The Nasdaq Global Market listing requirements, including a time frame for completion of the plan.

On April 21, 2008, the Company issued the press release attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release, dated April 21, 2008, regarding receipt of going concern opinion and failure to comply with the minimum shareholder’s equity requirements for listing on The Nasdaq Global Market.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	WILSONS THE LEATHER EXPERTS INC.
Date: April 21, 2008	By /s/ Stacy A. Kruse
	Stacy A. Kruse
	Chief Financial Officer and Treasurer

EX-99.1

Exhibit 99.1

Contacts:

Stacy Kruse
Chief Financial Officer and Treasurer
Wilsons The Leather Experts Inc.
(763) 391-4000

For Immediate Release

Wilsons Leather Announces Receipt of “Going Concern” Opinion
and Notification From Nasdaq Relating to Minimum Shareholders’ Equity

MINNEAPOLIS — April 21, 2008 — Wilsons The Leather Experts Inc. (Nasdaq: WLSN) announced today that its Annual Report on Form 10-K, filed on April 14, 2008, included an explanatory paragraph from Wilsons’ independent registered public accounting firm that Wilsons’ recurring losses from operations and negative cash flows from operating activities raise substantial doubt about Wilsons’ ability to continue as a “going concern.” NASDAQ Marketplace Rules require Nasdaq listed companies to publicly announce the receipt of a “going concern” audit opinion.

Wilsons also announced today that it received a letter, dated April 15, 2008, from The Nasdaq Stock Market, notifying Wilsons that based on its Form 10-K for the period ended February 2, 2008, Nasdaq staff determined that Wilsons’ shareholders’ equity was $5.0 million. Accordingly, Wilsons does not comply with the minimum $10.0 million stockholders’ equity requirement for continued listing on The Nasdaq Global Market set forth in Marketplace Rule 4450(a)(3).

The Nasdaq staff is reviewing Wilsons’ eligibility for continued listing on The Nasdaq Global Market and has asked the Company to provide, on or before April 30, 2008, a specific plan to achieve and sustain compliance with all of the Nasdaq Global Market listing requirements, including a time frame for completion of the plan. The Company intends to respond formally to the Nasdaq request for a plan on or before the April 30, 2008 deadline.

About Wilsons Leather

Wilsons Leather is a specialty retailer of leather outerwear, accessories and apparel in the United States. As of April 18, 2008, Wilsons Leather operated 228 stores located in 39 states, including 100 mall stores, 114 outlet stores and 14 airport stores.

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7401 Boone Avenue North   Brooklyn Park, Minnesota 55428
763.391.4000.391.  763.391.4535 fax  wilsonsleather.com