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Bakers’ loss widens in Q3


St. Louis Bakers Footwear Group reported that it lost $10.2 million for its third quarter ended Nov. 1, compared with a loss of $8.3 million a year earlier.

The company also reported that net sales totaled $39 million, a decrease of nearly 5% from $41.1 million a year ago, reflecting weak demand for the company’s transitional fall products.

Same-store sales fell 5.1%, compared with an increase of 4.5% in the prior-year period.

“Although comparable store sales declined for the quarter and were below our expectations, consumer response to our boot offerings across key categories was strong,” said chairman and CEO Peter Edison. “This led to a strengthening in sales as the quarter progressed with positive same-store sales recorded in October.”

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