Bakers Footwear Announces Preliminary Comparable Store Sales for the Holiday Period
January 10 2008 - 6:00AM
Business Wire
Bakers Footwear Group, Inc. (Nasdaq: BKRS), a leading specialty
retailer of moderately priced fashion footwear for young women,
today announced for the nine week holiday sales period ended
January 5, 2008, net sales decreased 5.7% to $43.1 million,
compared to $45.7 million for the nine week period ended December
30, 2006. Comparable store sales decreased 5.9% compared to a 16.1%
decrease last year. Commenting on the announcement, Peter Edison,
Chairman and Chief Executive Officer of Bakers Footwear Group,
said: �Our holiday sales results reflected a solid improvement in
trend from the third quarter and the comparable prior year period
and were consistent with our sales plan. We also achieved our
inventory reduction goals and we believe we remain on track to
report improvement in fourth quarter operating results.� The
Company also announced that it will be presenting at the Cowen
& Company and ICR XChange investor conferences during January
2008. The Cowen & Company 6th Annual Consumer Conference
presentation is scheduled for Tuesday, January 15, 2008 at 9:00 am
Eastern Time at The Westin New York at Times Square. The 10th
Annual ICR XChange Conference presentation is scheduled for
Wednesday, January 16, 2008 at 1:05 pm Eastern Time at the St.
Regis Monarch Beach Resort & Spa in Dana Point, California.
Peter Edison, Chairman and Chief Executive Officer, will host the
presentations. About Bakers Footwear Group, Inc. Bakers Footwear
Group is a national, mall-based, specialty retailer of distinctive
footwear and accessories for young women. The Company�s merchandise
includes private label and national brand dress, casual and sport
shoes, boots, sandals and accessories. The Company currently
operates over 250 stores nationwide under its Bakers and Wild Pair
formats. Bakers stores focus on women between the ages of 16 and
35. Wild Pair stores offer fashion-forward footwear to both women
and men between the ages of 17 and 29. THIS PRESS RELEASE CONTAINS
FORWARD-LOOKING STATEMENTS (WITHIN THE MEANING OF SECTION 27(A) OF
THE SECURITIES ACT OF 1933 AND SECTION 21(E) OF THE SECURITIES
EXCHANGE ACT OF 1934). BAKERS FOOTWEAR HAS NO DUTY TO UPDATE SUCH
STATEMENTS. ACTUAL FUTURE EVENTS AND CIRCUMSTANCES COULD DIFFER
MATERIALLY FROM THOSE SET FORTH IN THIS STATEMENT DUE TO VARIOUS
FACTORS. FACTORS THAT COULD CAUSE THESE CONDITIONS NOT TO BE
SATISFIED INCLUDE MATERIAL CHANGES IN CAPITAL MARKET CONDITIONS OR
IN BAKERS FOOTWEAR�S BUSINESS, PROSPECTS, RESULTS OF OPERATIONS OR
FINANCIAL CONDITION AND OTHER RISKS AND UNCERTAINTIES, INCLUDING
THOSE DETAILED IN BAKERS FOOTWEAR�S FILINGS WITH THE SECURITIES AND
EXCHANGE COMMISSION.
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