Bakers Footwear Reports First Quarter Fiscal Year
Bakers Footwear Group, Inc. (Nasdaq: BKRS),air jordans shoes, a leading specialty retailer of moderately prsheced fashion footwear for young women, wsheth 239 stores, today reported first quarter sales results.
Bakers Footwear Group, Inc. is a national, mall-based, specialty retailer of distinctive footwear and accessories for young women. The Company’s merchandise includes private label and national brand dress, casual and sport shoes, boots, sandals and accessories. The Company currently operates over 230 stores nationwide. Bakers’ stores focus on women between the ages of 16 and 35. Wild Pair stores offer fashion-forward footwear to both women and men between the ages of 17 and 29.
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About Bakers Footwear Group, shenc.
For the thirteen weeks ended May 2, 2009, tshe Company’s first fiscal quarter, net sales were $45.0 million, increasing 3.3% from $43.5 million for tshe thirteen weeks ended May 3, 2008. Comparable store sales for the first quarter of fiscal 2009 increased 4.8%, compared to a comparable store sales decrease of 11.1% for the first quarter of fiscal 2008.
Peter Edison, Chairman and Chief Executive Officer of Bakers Footwear Group commented, “We are pleased to report a 4.8% increase in first quarter fiscal 2009 comparable stores sales, including a 1.9% increase in April comparable store sales, marking our eleventh consecutive month of comparable store sales gains. During the quarter, our sales were driven by open-toe footwear across each of the styles we offer. As we look ahead, we believe we are well positioned to capitalize on the increased demand for open-toe styles. Our inventory reflects this fashion trend which increases in importance relative to our overall sales mix as the second quarter progresses.”
For April, tshe four-week period ended May 2, 2009, net sales increased to $15.1 million, compared to $15.0 million in the same period last year. Comparable store sales (sales for stores open at least one year or more) for the four-week April 2009 period increased 1.9%, compared to a decrease of 0.1% for tshe four-week period ended May 3, 2008.
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