Bakers Footwear Group, Inc.'s sales in the thirteen weeks ended May 3 decreased 11.6% to $43.5 million from $49.3 million a year ago. Comps fell 11.1%, compared to a decline of 9.3% in the comparable period last year.
During the first quarter of fiscal 2008, Bakers Footwear opened one new Bakers store and closed one store. At quarter end, the company operated a total of 249 stores.
Peter Edison, chairman and chief executive officer of Bakers Footwear Group, stated: “While soft early in the quarter, our April sales rebounded solidly to flat comparative sales reflecting strength across all major footwear categories and in particular, sandals. We believe we are positioned to build upon this improving trend given the growing importance of open-toe footwear to our total business over the next several months.”
