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                                                                    Exhibit 10.2



                            REAFFIRMATION OF GUARANTY
                            -------------------------

                                 April 23, 2002

General Electric Capital Corporation, as Agent
500 West Monroe
Chicago, Illinois 60661
Attn:  Wilsons Leather Account Manager


     Please refer to (1) the Fourth Amended and Restated Credit Agreement dated
the date hereof (the "Credit Agreement"), amending and restating that certain
Third Amended and Restated Credit Agreement dated as of June 19, 2001, amending
and restating that certain Second Amended and Restated Credit Agreement dated as
of October 31, 2000, amending and restating that certain Amended and Restated
Credit Agreement dated as of May 24, 1999, amending and restating that certain
Credit Agreement dated as of May 25, 1996 among Wilsons Leather Holdings Inc.
("Borrower"), and the Loan Parties, General Electric Capital Corporation,
individually and as agent ("Agent") and the other lenders signatory thereto
("Lenders"), (2) the Parent Guaranty dated as of May 25, 1996 (as amended, the
"Parent Guaranty") by certain of the undersigned in favor of Agent on behalf of
the Lenders under the Credit Agreement, (3) the Store Guarantors' Guaranty (as
amended, the "Store Guarantors' Guaranty") dated as of May 25, 1996 by certain
of the undersigned in favor of Agent on behalf of the Lenders under the Credit
Agreement, (4) the Joinder Agreement dated July 31, 1997 between Wilsons
International, Inc. and Agent, (5) the Joinder Agreement dated May 24, 1999
between certain of the undersigned and Agent, (6) the Joinder Agreement dated
October 10, 2000 between certain of the undersigned and Agent, (7) the Joinder
Agreement dated October 31, 2000 between certain of the undersigned and Agent,
and (8) the Joinder Agreement dated April 13, 2001 between certain of the
undersigned and Agent.

     Pursuant to the Credit Agreement, Lenders have agreed to (i) decrease the
Revolving Loan Commitments to $180,000,000, (ii) extend the Commitment
Termination Date until June 30, 2005, and (iii) continue to make Loans and to
incur Letter of Credit Obligations and Eligible Trade L/C Obligations on behalf
of Borrower. All capitalized terms used but not otherwise defined herein have
the meaning given to them in the Credit Agreement or in Schedule A thereto.

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     We hereby (i) acknowledge receipt of the Credit Agreement, (ii) acknowledge
and reaffirm all of our obligations and undertakings under the Parent Guaranty
and the Store Guarantors' Guaranty (as applicable) (collectively, the
"Guaranties"), and (iii) acknowledge and agree that subsequent to, and taking
into account such Credit Agreement, the Guaranties are and shall remain in full
force and effect in accordance with the terms thereof.

                                       PARENTS:

                                       Wilsons The Leather Experts Inc.
                                       Wilsons Center, Inc.
                                       Rosedale Wilsons, Inc.
                                       River Hills Wilsons, Inc.

                                       By: /s/ Peter G. Michielutti
                                           -------------------------------------
                                       Title: Senior Vice President and CFO
                                              ----------------------------------
                                              The authorized officer of each of
                                              the foregoing corporations

                                       STORE GUARANTORS:

                                       Bentley's Luggage Corp.
                                       Bermans The Leather Experts Inc.
                                       El Portal Group, Inc.
                                       Florida Luggage Corp.
                                       Travelsupplies.com LLC
                                       Wilsons Leather Direct Inc.
                                       Wilsons International Inc.
                                       Wilsons Leather of Airports Inc.
                                       Wilsons Leather of Alabama Inc.
                                       Wilsons Leather of Arkansas Inc.
                                       Wilsons Leather of Canada Ltd.
                                       Wilsons Leather of Connecticut Inc.
                                       Wilsons Leather of Delaware Inc.
                                       Wilsons Leather of Florida Inc.
                                       Wilsons Leather of Georgia Inc.
                                       Wilsons Leather of Indiana Inc.
                                       Wilsons Leather of Iowa Inc.
                                       Wilsons Leather of Louisiana Inc.
                                       Wilsons Leather of Maryland Inc.
                                       Wilsons Leather of Massachusetts Inc.
                                       Wilsons Leather of Michigan Inc.
                                       Wilsons Leather of Mississippi Inc.
                                       Wilsons Leather of Missouri Inc.
                                       Wilsons Leather of New Jersey Inc.
                                       Wilsons Leather of New York Inc.



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                                       Wilsons Leather of North Carolina Inc.
                                       Wilsons Leather of Ohio Inc.
                                       Wilsons Leather of Pennsylvania Inc.
                                       Wilsons Leather of Rhode Island Inc.
                                       Wilsons Leather of South Carolina Inc.
                                       Wilsons Leather of Tennessee Inc.
                                       Wilsons Leather of Texas Inc.
                                       Wilsons Leather of Vermont Inc.
                                       Wilsons Leather of Virginia Inc.
                                       Wilsons Leather of West Virginia Inc.
                                       Wilsons Leather of Wisconsin Inc.
                                       WWT, Inc.

                                       By: /s/ Peter G. Michielutti
                                           -------------------------------------
                                       Name: Peter G. Michielutti
                                             -----------------------------------
                                             The authorized officer of each of
                                             the foregoing corporations



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