News

Bakers Footwear bucks positive trend

10/08/2007

In spite of the general upswing in women’s footwear sales around the world, US retailer Bakers Footwear Group, Inc.’s results have bucked the trend, with the company reporting a fall in sales in the second quarter.

For the thirteen weeks ended August 4, net sales decreased 11% to $42 million, from $47.2 million in the same period a year earlier, whilst comparable store sales slipped 18.3%. For the first twenty-six weeks, net sales decreased 5.9% to $91.2 million, compared with $97 million.

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