Bakers Footwear posts sales increases
Fashion footwear retailer Bakers Footwear Group, Inc. has posted improved sales figures for the 13 and 39 weeks ended October 28.
For the third quarter, net sales increased by 7.7%, to $46.6 million from $43.2 million for the corresponding period in 2005. Gross profit was $12.1 million compared with $11.8 million in the third quarter of 2005. However, net loss increased to $2.6 million compared with a net loss of $1.1 million in the 2005 quarter.
For the nine-month period, net sales increased by 7.6% to $143.5 million from $133.4 million for the same period in 2005. Gross profit was $41.9 million compared with $42.2 million. Net loss was $3 million compared with $2 million in 2005.