Bakers Footwear Reports First Quarter Fiscal Year 2010 Net Sales
2010年5月6日 - 8:00PM
ビジネスワイヤ(英語)
Bakers Footwear Group, Inc. (Nasdaq: BKRS), a leading
specialty retailer of moderately priced fashion footwear for young
women, with 239 stores, today reported net sales for the first
quarter of fiscal 2010.
For the thirteen weeks ended May 1, 2010, the Company’s first
fiscal quarter, net sales were $43.5 million, decreasing 3.2% from
$45.0 million for the thirteen weeks ended May 2, 2009. Comparable
store sales for the first quarter of fiscal 2010 decreased 1.6%,
compared to a comparable store sales increase of 4.8% for the first
quarter of fiscal 2009.
Peter Edison, Chairman and Chief Executive Officer of Bakers
Footwear Group commented, “Our first quarter comparable store sales
decline of 1.6% followed a 4.8% increase last year. During the
quarter, our efforts to reduce promotional activity given our
strong inventory position led to lower sales for the quarter versus
our expectations. As we begin the second quarter, we expect our
sales trends to improve as we face easier comparisons to last year
and continue to deliver compelling fashion.”
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 239 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
REMAIN LISTED ON THE NASDAQ CAPITAL MARKET, 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, AND OTHER RISKS AND
UNCERTAINTIES, INCLUDING THOSE DETAILED IN BAKERS FOOTWEAR’S MOST
RECENT ANNUAL REPORT ON FORM 10-K, 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, AND IN BAKERS FOOTWEAR’S OTHER FILINGS WITH
THE SECURITIES AND EXCHANGE COMMISSION.
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