Bakers Footwear Group, Inc. reported sales declined in the third quarter to $39.0 million from $41.1 million a year ago. Comps decreased 5.1%, compared to a comparable store sales increase of 4.5% for the third quarter of fiscal 2008.
For the thirty-nine week year-to-date period ended October 31, 2009, net sales were $127.7 million, decreasing from $128.2 million in the thirty-nine week period ended November 1, 2008. Comparable store sales for the first nine months of fiscal 2009 increased 0.2%, compared to a decrease of 0.8% in the first nine months of last year.
Peter Edison, Chairman and Chief Executive Officer of Bakers Footwear Group commented, “Our third quarter sales results included a sequential improvement in our comparable store sales trend throughout the quarter with comps turning positive, up 1.4%, in October, driven by strength in our boot business, which increases as a percentage of our overall business as the quarter progresses. As we begin the holiday season, we remain well positioned and expect to report sales growth in the fourth quarter. Boots remain strong sellers, which bodes well for fourth quarter business.”
