Bakers Footwear Group, Inc. saw Holiday sales decrease 5.7% to $43.1 million, compared to $45.7 million for the same period last year. Comparable store sales decreased 5.9% compared to a 16.1% decrease last year.
Commenting on the announcement, Peter Edison, chairman and CEO of Bakers Footwear Group, said: “Our holiday sales results reflected a solid improvement in trend from the third quarter and the comparable prior year period and were consistent with our sales plan. We also achieved our inventory reduction goals and we believe we remain on track to report improvement in fourth quarter operating results.”
