Bakers Footwear Group, Inc. reported sales for the third quarter were $40.2 million, decreasing 0.9 percent from $40.6 million a year ago. Comparable store sales increased 1.0 percent, compared to a comparable
store sales increase of 5.9% for the third quarter of fiscal 2010.
For the first nine months ended Oct. 29, sales were $131.5 million, increasing 3.2 percent from $127.4 million in the first nine months ended October 30, 2010. Comparable store sales for the first nine months of fiscal 2011 increased 5.1 percent, compared to an increase of 1.3 percent in the first nine months of fiscal 2010.
Peter Edison, Chairman and Chief Executive Officer of Bakers Footwear Group commented, “Our third quarter comparable store sales increased 1% with strong early fall selling in September mitigated by unseasonably warm weather in October. We remain confident that we have identified the right fashion across our footwear categories and believe our inventory is well positioned as we enter the holiday season.”
