Bakers Footwear same-store sales rise 10% in June - St. Louis Business Journal:

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percent for the five-week period endedx July 5, compared to a drop of 20.2 percentr for comparable periodlast year. Same-store sales are a key measured of retail health that highlight the comparativ performance of stores open at least one The company reported that net sales forthe five-weei June period this year grew $1.1 million, or 7.3 percent, to $16.y million compared to last year's period, according to a releaser by Bakers. Bakers said that for the nine weeksa endedJuly 5, its same-store sales grew 3 compared to a drop of 17.6 percent in last year'sz period. The company's net sales for the nine-week periodf this year increased $200,000, or 0.7 percent, to $31.
u million compared to the same nine-week period in fiscal 2007. The compang said the sales information was beint released prior to a seriesd of investor meetingsthis month. Bakers Chairman and CEO Peter Edisonh said in a statement thatthe same-storee sales growth in June reflected strengthy across the company's assortments with "impressive" growth in largest category of open-toe footwear. "Ti this point, we remain on targety to achieve $10 million of reductionxs in planned costs forthe year," he said. "Asd a result, we expect to achieve improved operating resultz in the second quarter and throughout the remaindef of thisfiscal year.
we continuer to anticipate that we will have adequate liquidity to fund our 2008 businesxs plan and meet our debt Bakers Footwear June 9 from the Nasdaq Stock Market that it has until 8 to regain compliance withthe market' s required minimum market value of publicly held share of $5 million for the previous 30 consecutivs trading days. St. Louis-based Bakers Footwear Group BKRS) is a mall-based retailer of footwear and accessoriese operating stores under the Bakers and WildPair