Sales slip at Bakers Footwear

11/05/2007


US
specialty retailer of women’s fashion footwear Bakers Footwear Group, Inc. has reported slightly lower sales for the first quarter of fiscal 2007.

For the thirteen weeks ended May 5, net sales decreased 1.1% to $49.3 million, from $49.8 million reported in the thirteen weeks ended April 29, 2006. Comparable store sales also decreased, falling 9.3% compared with a decline of 0.8% in the comparable period last year.

Commenting on the results chairman and CEO, Peter Edison, said, “Our sales results were disappointing, as our focused assortments and enhanced marketing were not enough to offset a difficult retail environment and our toughest comparison of the year. We did, however, achieve our inventory goals.”

Bakers’ stores sell private label and national brand dress, casual and sport shoes, boots, sandals and accessories. It currently operates over 250 stores across the USA.