Bakers Footwear Reports 12.8% Comparable Store Sales Increase in February 2009
March 05 2009 - 6:00AM
Business Wire
Bakers Footwear Group, Inc. (Nasdaq: BKRS), a leading
specialty retailer of moderately priced fashion footwear for young
women, with 239 stores, today reported February 2009 sales.
For February, the four-week period ended February 28, 2009, net
sales increased 10.6% to $13.9 million, compared to $12.6 million
in the same period last year. Comparable store sales (sales for
stores open at least one year or more) for the four-week February
2009 period increased 12.8%, compared to a decrease of 13.4% for
the four-week period ended March 1, 2008.
About Bakers Footwear Group, Inc.
Bakers Footwear Group, Inc. 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 230 stores nationwide. 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 INABILITY TO SATISFY DEBT COVENANTS, MATERIAL DECLINES IN
SALES TRENDS AND LIQUIDITY, MATERIAL CHANGES IN CAPITAL MARKET
CONDITIONS OR IN BAKERS FOOTWEAR�S BUSINESS, PROSPECTS, RESULTS OF
OPERATIONS OR FINANCIAL CONDITION, INABILITY TO COMPLY WITH NASDAQ
LISTING REQUIREMENTS AND OTHER RISKS AND UNCERTAINTIES, INCLUDING
THOSE DETAILED IN BAKERS FOOTWEAR�S MOST RECENT ANNUAL REPORT ON
FORM 10-K AND OUR MOST RECENT QUARTERLY REPORTS ON FORM 10-Q,
INCLUDING THOSE DISCUSSED IN �RISK FACTORS,� IN �MANAGEMENT�S
DISCUSSION AND ANALYSIS OF FINANCIAL POSITION AND RESULTS OF
OPERATIONS� AND IN NOTE 2 TO THE FINANCIAL STATEMENTS IN THESE
REPORTS, AND IN BAKERS FOOTWEAR�S OTHER FILINGS WITH THE SECURITIES
AND EXCHANGE COMMISSION.
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