Bakers Footwear Group (BKRS) Reports November/December Same-Store Sales

Bakers Footwear Group, Inc. (Nasdaq: BKRS) announced for the two-month Holiday Sales Period ended December 30, 2006 net sales decreased 7.9% to $45.7 million as compared to $49.6 million for the nine week period ended December 31, 2005. Comparable store sales for the same two-month period decreased 16.1% compared to a 27.2% increase in the comparable period last year.

Commenting on the announcement, Peter Edison, Chairman and Chief Executive Officer of Bakers Footwear Group, said: "Our holiday sales results were disappointing, as we continued to face difficult comparisons in our boot and bootie category, a significant business for us during this time of year. We were pleased with the performance of our non-boot categories and we believe we are taking the additional markdowns necessary to clear out our boot and bootie inventory and end the fourth quarter well positioned for the spring season."

You May Also Be Interested In

• Space-Eyes names four directors ahead of planned Nasdaq listing
• Barclays Previews Autodesk (ADSK) Earnings
• Sk Hynix Union Is Finalising Wording Of Tentative Wage Deal, And Will Brief Its Members On The Terms This Afternoon- Reuters