Wilsons the Leather Experts Inc. (Nasdaq: WLSN), most commonly known by leather jacket and handbag lovers as Wilsons Leather, posted a slew of news today, pushing shares up 20 cents, about 12 percent, to $1.85 at the market’s close.

The company reported a 2.2 percent decrease in same store sales for the month of July; the leather retailer also posted annual sales of $15.7 million for the month, as compared to $16.1 million for the month of July in 2006.

Accessories, including wallets, gloves, hats, briefcases, bangles and belts, currently account for 35 percent to 40 percent of the company’s business. In an effort to increase its accessories category, the company has hired three advisors to help blueprint the best plan to propel the company forward.

Additionally, the company announced the appointment of Michael T. Sweeney, managing partner of Goldner Hawn Private Equity, to chairman of the board, noting that Mike Searles will continue to serve as CEO.

“Goldner Hawn invested in Wilsons Leather because we are excited about the company’s prospects, particularly with regard to our future in the women’s accessories business. We believe that the company’s 411 stores across the United States uniquely position us for success. As chairman, I look forward to working directly with the company’s leadership team in solidifying and implementing our strategy,” Sweeney said in a statement.

The 411 stores in operation by Wilsons Leather include 281 mall stores, 116 outlet stores and 14 airport stores.

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