Bakers Footwear reports 27.8% sales increase
Women’s fashion footwear retailer, Bakers Footwear Group, has posted a net sales increase of 27.8% to $45.3 million for the 13 weeks ended July 30, 2005 compared with $35.4 million in the 13 weeks ended July 31, 2004. Comparable store sales in the second quarter increased 12.7% compared with a 3.0% increase in the same period last year. For the 26 week year to date period ended July 30, 2005 net sales increased 21.8% to $90.2 million up from $74.1 million in the 26 weeks ended July 31, 2004. Year to date comparable store sales increased 10.1% compared with a 6.6% increase in the same period last year.
During the second quarter of fiscal 2005, Bakers Footwear opened six new stores and remodelled eight existing stores into its new store format. It currently operates 225 stores.