Bakers Footwear Group Inc reported third quarter fiscal 2006 net sales. For the thirteen weeks ended October 28, 2006 net sales increased 7.7% to $46.6 million, compared to $43.2 million in the thirteen weeks ended October 29, 2005.
Comparable store sales in the third quarter decreased 4.2%, compared to a 21.0% increase in the comparable period last year. The Company's Internet and catalog net sales, which are a component of comparable store sales, increased 105.9%. During the third quarter of fiscal 2006, Bakers Footwear opened 15 stores and remodeled three stores.
For the thirty-nine week year to date period ended October 28, 2006 net sales increased 7.6% to $143.5 million up from $133.4 million in the thirty-nine weeks ended October 29, 2005. Year to date comparable store sales decreased 3.8% compared to a 13.4% increase in the same period last year.
Peter Edison, Chairman and Chief Executive Officer of Bakers Footwear Group, stated: “Consumer response to our fall assortments was favorable, however comparable store sales declined for the quarter, reflecting the exceptionally strong results we reported during the third quarter last year and weak sandal sales in the first two weeks of August this year. “
“While we recognize that we continue to face difficult comparisons in the fourth quarter, we believe our inventory is on plan and our current and upcoming assortments are reflective of our customer desires for emerging footwear trends.”
Bakers Footwear Group Inc
marketing@alchempro.com
