Bakers Footwear Group Inc, a leading specialty retailer of moderately priced fashion footwear for young women, with 247 stores, reported second quarter fiscal 2006 net sales.
For the thirteen weeks ended July 29, 2006 net sales increased 4.2% to$47.2 million, as compared to $45.3 million in the thirteen weeks ended July 30, 2005. Comparable store sales in the second quarter decreased 6.4%, as compared to a 12.7% increase in the comparable period last year.
For the twenty-six week year to date period ended July 29, 2006 net sales increased 7.5% to $97.0 million up from $90.2 million in the twenty-six weeks ended July 30, 2005. Year to date comparable store sales decreased 3.6% compared to a 10.1% increase in the same period last year.
During the second quarter of fiscal 2006, Bakers Footwear opened 4 stores in our new Bakers format. It now has 143 stores operating in its new Bakers format.
Peter Edison, Chairman and CEO of Bakers Footwear Group, said, "Continued weakness in the sandal category, which dominates our business during the second quarter overshadowed strong selling in closed footwear and contributed to our disappointing sales results for the period."
Bakers Footwear Group Inc is a national, mall-based, specialty retailer of distinctive footwear and accessories for young women. The company's merchandise includes private label and national brand dress, casual and sport shoes, boots, sandals and accessories. It currently operates over 240 stores nationwide under two formats, Bakers and Wild Pair.
Bakers Footwear Group Inc
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