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Bakers Footwear Q2 same store sales move up 12.7%

05
Aug '05
St Louis based leading fashion footwear specialty retailer Bakers Footwear Group Inc reported second quarter net sales figures. For the thirteen weeks ended July 30, 2005 (the Company's second fiscal quarter) net sales increased 27.8 percent to $45.3 million up from $35.4 million in the thirteen weeks ended July 31, 2004.

Comparable store sales in the second quarter increased 12.7 percent compared to a 3.0 percent increase in the same period last year. For the twenty-six week year to date period ended July 30, 2005 net sales increased 21.8 percent to $90.2 million up from $74.1 million in the twenty-six weeks ended July 31, 2004. Year to date comparable store sales increased 10.1 percent compared to a 6.6 percent increase in the same period last year.

During the second quarter of fiscal 2005, Bakers Footwear opened 6 new stores and remodeled 8 existing stores into its new store format and currently operates 225 stores. The company now has 100 stores operating in its new format. Comparable store sales for the Company's 72 new format locations open for more than a year increased by 15.1 percent in the second quarter and by 13.8 percent in the first half of 2005.

Peter Edison, Chairman and Chief Executive Officer of Bakers Footwear Group, said, "The stores continued to delight young female shoppers, as evidenced by their 12.7 percent increase in comparable store sales during the second quarter. Fueling this growth was continued strength in sales of feminine and embellished open toe styles."


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