Bakers Footwear Group, Inc. said sales for the thirteen weeks ended October 30, were $40.6 million, increasing from $39.0 million for the thirteen weeks ended October 31, 2009. Comparable store sales for the third quarter of fiscal 2010 increased 5.9%, compared to a comparable store sales decrease of 5.1% for the third quarter of fiscal 2009.
For the thirty-nine week year-to-date period ended October 30, 2010, net sales were $127.4 million, compared to $127.7 million in the thirty-nine week period ended October 31, 2009. Comparable store sales for the first nine months of fiscal 2010 increased 1.3%, compared to an increase of 0.2% in the first nine months of last year.
Peter Edison, chairman and chief executive officer of Bakers Footwear Group stated, “We are pleased to continue our positive sales performance and report a 5.9% increase in comparable store sales for the quarter. Our comps were positive in each month of the quarter and improved sequentially from August through October. By category, dress shoes and casual boots were particularly strong and we also saw a favorable response to our launch of H by Halston in early September. As we look ahead, we remain optimistic about our ability to continue our favorable sales trends during the holiday selling season. We expect to report solid sales growth in the fourth quarter, driven by continued momentum in casual boots and the launch of our Wild Pair brand in select Bakers stores.”
