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EXHIBIT 14.1 WILSONS THE LEATHER EXPERTS INC.
CODE OF BUSINESS ETHICS AND CONDUCT Wilsons The Leather Experts Inc. (the Company) has adopted this Code of
Business Ethics and Conduct for all associates and directors of the Company to
promote honest and ethical conduct and to deter wrongdoing. This Code applies
to all associates, officers and directors of the Company, including the
Companys Chief Executive Officer, Chief Operating Officer, Chief Financial
Officer, Principal Accounting Officer or Controller, and Treasurer. The
obligations of this Code supplement, but do not replace, any other code of
conduct or ethics policy applicable to associates  of the Company generally. All associates, officers and directors of the Company will:  
    
    act honestly and ethically in the performance of their duties at the Company;  
    
    avoid actual or apparent conflicts of interest between personal
and professional relationships;  
    
    provide full, fair, accurate, timely and understandable
disclosure in reports and documents that the Company files with, or
submits to, the SEC and in other public communications made by the
Company;  
    
    comply with laws, rules and regulations of federal, state and
local governments and other private and public regulatory agencies
that affect the conduct of the Companys business and the Companys
financial reporting;  
    
    act in good faith, responsibly, with due care, competence and
diligence, without misrepresenting material facts or allowing their
independent judgment to be subordinated;  
    
    respect the confidentiality of information acquired in the
course of work, except when authorized or legally obligated to
disclose such information;  
    
    share knowledge and maintain skills relevant to carrying out
their duties within the Company;  
    
    promote ethical behavior as a responsible partner among peers
and colleagues in the work environment and community;  
    
    achieve responsible use of and control over all assets and
resources of the Company entrusted to them; and  
    
    promptly report, as provided herein, any information concerning
(a) significant deficiencies in the design or operation of internal
controls which could adversely affect the Companys ability to
record, process, summarize and report financial data or (b) any
fraud, whether or not material, that involves management or other
associates who have a significant role in the Companys financial
reporting, disclosures or internal controls. Compliance and Reporting Suspected Violations To request guidance, clarification or approval with regard to any policies
in this Code, contact the Internal Compliance Committee at
Business.conduct@wilsonsleather.com.




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Any person subject to this Code who has information concerning any known
or suspected violation of any policy under this Code will promptly report such
information. To Report aSuspected Violation
    
    ContactAccounting or Financial
Practices
    
    Chair of Audit CommitteeChair.auditcommittee@wilsonsleather.comOr call the confidential, toll free 1-866-go2-WLSN
(1-866-462-9576) Business Conduct HotlineDiscrimination Complaint
    
    The VP of Human ResourcesVPHR@wilsonsleather.comOr call the confidential, toll free 1-866-go2-WLSN
(1-866-462-9576) Business Conduct HotlineHarassment Complaint
    
    The VP of Human ResourcesVPHR@wilsonsleather.comOr call the confidential, toll free 1-866-go2-WLSN
(1-866-462-9576) Business Conduct HotlineInternal
Theft or Fraud
    
    The Director of Loss
PreventionDirectorLP@wilsonsleather.com
 
Or call the confidential, toll-free 1-866-go2-WLSN
(1-866-462-9576) Business Conduct HotlineHealth
and Safety
    
    Your supervisor or 1-866-go2-WLSN
(1-866-462-9576) Business Conduct HotlineAll
other Violations
    
    1.  Call the
confidential, toll free 1-866-go2-WLSN
     (1-866-462-9576) Business Conduct
Hotline
 
2.  Email the Wilsons Leather Internal
     Compliance Committee:
     Business.conduct@wilsonsleather.com
 
3.  Write to:
     Wilsons Leather
     7401 Boone Avenue North
     Brooklyn Park, MN 55428
     Attn: Internal Compliance Committee
 You may report such conduct openly or anonymously without fear of
retaliation. The Company will not discipline, discriminate against or
retaliate against any person who reports such conduct in good faith, whether or
not such information is ultimately proven to be correct, or who cooperates in
any investigation or inquiry regarding such conduct. Confidentiality regarding
those who make compliance reports and those potentially involved is maintained
to the extent possible during a compliance investigation. In order to facilitate a complete investigation of a suspected violation,
a reporting person should be prepared to provide as many details as possible,
including a description of the questionable




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practice or behavior, the names of any persons involved, the names of possible
witnesses, dates, times, places and any other available details. Based on its investigation, the Company will take prompt and appropriate
corrective action in response to the concern, if necessary, to ensure
compliance with legal and ethical requirements. All reported violations will
be investigated and appropriate action will be taken. Associates who violate the law, the Code of Business Ethics and Conduct or
Wilsons Leather policies will be subject to discipline, suspension as necessary
(with or without pay) for the purpose of investigation and/or possible
termination of employment or removal from the Board. Associates who
deliberately withhold information concerning another associates violation of
the law or the Code of Business Ethics and Conduct or Wilsons Leather policies
will also be subject to appropriate discipline. Any supervisor who directs or
approves of any conduct in violation of the Code or who has knowledge of such
conduct and does not immediately report it, also will be subject to
disciplinary action, up to and including termination of employment. Violations of the law may be referred to local law enforcement
authorities. Legal proceedings may also be commenced, if necessary, to recover
the amount of any improper expenditures, any profits realized by the offending
associate, and any financial detriment sustained by the Company. Waivers Any waiver of these standards of conduct for directors or executive
officers of the Company must be approved by the Board of Directors of the
Company. Any such waiver shall be disclosed if and as required by law, the
listing standards of the Nasdaq Stock Market or the rules and regulations of
the SEC.