FINANCE

Bakers Footwear Group loss widens in Q1

BY CSA STAFF

St. Louis Bakers Footwear Group reported Tuesday that it recorded a net loss of $3.5 million in the first quarter, compared with a loss of $2.8 million in the year-ago period.

The specialty footwear retailer also said that sales for the quarter ended May 1 dropped 3.2%, from $45 million to $43.5 million.

Same-store sales dipped 1.6%.

Bakers, which operates 239 stores in the United States, said it expects to receive notification from Nasdaq that it will be delisted from the Nasdaq Capital Market as soon as this week.

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Let the sunshine …

BY CSA STAFF

Purveyors of private brands like to talk about how their products are as good as or better than the national brand equivalents. Well, in the case of Target’s Up & Up brand sunscreen it has corroboration for such a claim from the July issue of Consumer Reports. The magazine examined various sunscreens and found Up & Up Sport in SPF 30 to have the highest ranking as well as one of the cost per ounce. Other brands in the order of their ranking included Walgreens, Banana Boat, Aveeno, Coppertone, No-Ad, Neutrogena, Badger, La Roche-Posay, Avon and Burt’s Bees.

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CFDA honors fashion’s best

BY CSA STAFF

NEW YORK The Council of Fashion Designers of America honored Marc Jacobs as womenswear designer of the year as wll as Marcus Wainwright and David Neville for Rag & Bone as the menswear designer of the year at its annual awards ceremony.

Other honors went to Alexander Wang, Michael Kors and the late Alexander McQueen.

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