St. Louis Bakers Footwear Group reported Wednesday that it narrowed its loss as sales increased in the second quarter.
The company reported that its sales were $43.6 million in the quarter, an increase of nearly 3.8% from about $42 million a year ago.
Bakers said its net loss in the recent quarter was almost $2.3 million compared to more than $8.7 million in last fiscal year’s quarter.
The company didn’t issue a catalog in its second quarter this year but it did in last year’s quarter. Bakers reported in its quarterly filing that its Internet and catalog sales decreased 1.5% to $1.9 million in the recent quarter.
“We attribute our improvement during a difficult operating environment to our ability to deliver great fashion while maintaining stringent control of expenses and inventory,” said Peter Edison, Bakers chairman and CEO, in a statement. “Early fall trends remain solid, with August same-store sales up 3.2%, despite eliminating a major catalog in the month.”
Bakers previously reported that its same-store sales for the second fiscal quarter rose 6.4% compared to a decrease of 18.3% in the prior-year’s quarter.