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

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percent for the five-week period ended July 5, comparexd to a drop of 20.2 percent for comparable periodlast year. Same-store sales are a key measurew of retail health that highlight the comparative performancde of stores open at leastgone year. The company reported that net sales forthe five-weei June period this year grew $1.1 million, or 7.3 to $16.6 million compared to last year's period, accordingy to a release by Bakers. Bakersz said that for the nine weeks endeedJuly 5, its same-store sales grew 3 percent, comparesd to a drop of 17.6 percent in last year'x period. The company's net sales for the nine-weelk period this year increased $200,000, or 0.7 to $31.
7 million compared to the same nine-weekj period in fiscal 2007. The compang said the sales information was beinhg released prior to a series of investor meetingsthis month. Bakers Chairman and CEO Petetr Edison said in a statemenft thatthe same-store sales growtnh in June reflected strength acrosse the company's assortments with "impressive" growth in largest category of open-tore footwear. "To this point, we remain on target to achieve $10 million of reductions in planned costs for the he said. "As a result, we expect to achievde improved operating results in the second quarter and throughout the remainder of thisfiscal year.
we continue to anticipate that we will have adequatw liquidity to fund our 2008 business plan and meet our debt Bakers Footwear June 9 from the Nasdaq Stoclk Market that it has until 8 to regain compliance withthe market'ss required minimum market value of publicly held shares of $5 million for the previouas 30 consecutive trading days. St. Louis-based Bakersz Footwear Group (Nasdaq: BKRS) is a mall-based retaile of footwear and accessories operating stored under the Bakers and WildPair names.