Peter Edison, chairman and chief executive officer of Bakers Footwear Group commented, “We are pleased to continue our positive sales performance in November by reporting a 3.6% increase in comparable store sales for the period. Our comparable store sales gained momentum throughout the month and included a 13.4% increase for the Thanksgiving weekend of Black Friday, November 28, 2008 and Saturday, November 29, 2008 compared to the two days following Thanksgiving 2007. This marked a fabulous launch to the holiday selling season. During the month, we experienced solid trends across all of our key categories with particular strength in boots and dress shoes. As we look ahead, we remain enthusiastic regarding our ability to continue our favorable sales trends in December, especially given the strong early performance of our holiday assortments.”
Bakers Footwear Reports 3.6% November Comp Gain
Bakers Footwear Group, Inc.'s comparable store sales in November increased 3.6%, compared to a decrease of 3.7% for the four-week period ended December 1. Net sales for the four-week November 2008 period increased 1.7% to $16.2 million, compared to $16.0 million in the same period last year.