Lower sales and income at Bakers
10/12/2009
Bakers Footwear Group has posted lower sales for the thirteen and thirty nine-weeks ended October 31.
For the third quarter, net sales were $39 million, a decrease of 4.9% from $41.1 million for the same period last year. Gross profit was $6.8 million, or 17.3% of net sales, compared to $9 million and 21.9% during the prior-year period. Net loss was $10.2 million compared with $8.3 million during the third quarter last year.