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Bakers sales drop in Q3November 5, 2009 9:14 AM ETBakers Footwear Group Inc. reported a drop in sales in third quarter sales. For the 13 weeks ended Oct. 31, net sales were $39 million, down 5 percent from $41.1 million for the 13 weeks ended Nov. 1. Comparable store sales, or stores open at least a year, decreased 5.1 percent in the third quarter, compared with a comparable store sales increase of 4.5 percent for the third quarter of fiscal 2008. Boots remain strong sellers, which bodes well for fourth quarter business, said Chairman and Chief Executive Peter Edison. Bakers Footwear Group Inc. (Nasdaq: BKRS) is a national, mall-based, specialty retailer of footwear and accessories for young women between the ages of 16 and 35. The company operates 240 stores nationwide. Copyright 2009 bizjournals.com
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