Bakers Footwear Reports Third Quarter Fiscal 2005 Sales; Third Quarter Comparable Store Sales Increase 21.0%
2005年11月3日 - 9:00PM
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Bakers Footwear Group (Nasdaq: BKRS), the leading specialty
retailer of moderately priced fashion footwear for young women,
with 234 stores, today reported third quarter net sales figures.
For the thirteen weeks ended October 29, 2005 (the Company's third
fiscal quarter) net sales increased 33.9% to $43.2 million up from
$32.3 million in the thirteen weeks ended October 30, 2004.
Comparable store sales in the third quarter increased 21.0%
compared to a 7.6% decrease in the same period last year. For the
thirty-nine week year to date period ended October 29, 2005 net
sales increased 25.5% to $133.4 million up from $106.4 million in
the thirty-nine weeks ended October 30, 2004. Year to date
comparable store sales increased 13.4% compared to a 1.9 % increase
in the same period last year. During the third quarter of fiscal
2005, Bakers Footwear opened 11 new stores, 9 of which were new
format Bakers stores and 2 new Wild Pair stores. The Company also
remodeled 6 existing stores, 3 into Bakers new store format and 3
into Wild Pair stores. The company now has 112 stores operating in
its new Bakers format. Comparable store sales for the Company's 85
new format locations open for more than a year increased by 23.2%
in the third quarter and by 17.0% in the first nine months of 2005.
Peter Edison, Chairman and Chief Executive Officer of Bakers
Footwear Group, said, "Our sales strength accelerated in the third
quarter with comparable store sales increasing 21.0% versus the
third quarter last year. During the quarter, we experienced strong
regular-priced selling across each of our footwear categories with
particular strength in western boots. We also continued to see
tremendous success in both our Bakers and Wild Pair new and
remodeled stores. Clearly, our initiatives are working and have us
well positioned to capitalize on the holiday season." About Bakers
Footwear Group 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 200 stores
nationwide under two formats, Bakers and Wild Pair. 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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