Lower sandal sales lead to loss at Bakers Footwear
08/09/2006
Footwear and accessories retailer for young women, Bakers Footwear Group, Inc., has posted a net loss for the thirteen and twenty-six weeks ended July 29.
For the second quarter, net sales increased 4.3%, to $47.2 million from $45.3 million in the second quarter 2005. Net loss was $1 million compared with net income of $1.2 million in 2005. The company attributes the decline in income to challenging sandal sales.