Footwear retailer Bakers Footwear Q4 comp store sales up 24.5%
02 Feb '06
2 min read
Fashion footwear retailer Bakers Footwear Group Inc has reported fourth quarter and fiscal year 2005 net sales.
For the thirteen weeks ended January 28, 2006 net sales increased 37.7 percent to $61.3 million, as compared to $44.5 million in the thirteen weeks ended January 29, 2005.
Comparable store sales in the fourth quarter increased 24.5 percent, as compared to a 0.1 percent decrease in the comparable period last year.
For the fifty-two week period ended January 28, 2006, net sales increased 29.1 percent to $194.8 million, as compared to $150.9 million in the fifty-two weeks ended January 29, 2005.
Full year fiscal 2005 comparable store sales increased 16.7 percent, as compared to a 1.4 percent increase in the comparable period last year.
During the fourth quarter of fiscal 2005, Bakers Footwear opened 6 new stores in our new Bakers format. The company now has 118 stores operating in its new Bakers format.
Peter Edison, Chairman and CEO of Bakers Footwear Group, said, "We finished the year strongly, delivering a 24.5 percent increase in comparable store sales during the fourth quarter, a tremendous accomplishment for our Company. During the year we expanded our market share and grew customer loyalty with great products and enticing store layouts for both our Bakers and Wild Pair concepts.”
“We look forward to building upon our current success this year by continuing our store expansion, remodel and merchandising initiatives," Peter added.
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