Market Watch for Bakers Footwear Group Inc. Issued by StockPreacher
26 Março 2010 - 7:50AM
StockPreacher.com announces an investment report featuring Bakers
Footwear Group Inc. (Nasdaq:BKRS). The report includes financial,
comparative and investment analyses, and industry information you
need to know to make an educated investment decision.
The full report is available at:
http://www.stockpreacher.com/n/BKRS
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Bakers Footwear Group Inc. (BKRS) operates as a specialty
retailer of footwear and accessories for young women in the United
States under the Bakers and Wild Pair names. The Company sells both
private label and national brand dress, casual and sport shoes,
boots, sandals and accessories, such as handbags and costume
jewelry. The Wild Pair chain offers edgier, faster fashion-forward
footwear that reflects the attitude and lifestyles of both women
and men between the ages of 17 and 29. As a result of carrying a
greater proportion of national brands, Wild Pair has somewhat
higher average prices than its Bakers stores. As of April 11, 2009,
the Company operated 240 stores, including 21 Wild Pair stores.
Message Board Search for BKRS:
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In the report, the analyst notes:
"BKRS shares were boosted recently after the Company announced
solid profit in the fourth quarter. Also, the Company reported a
3.9% increase in comparable store sales, which compare sales at
stores open at least a year, as well as a 500 basis point increase
in gross profit margin. As stated by BKRS chairman and CEO Peter
Edison, 'Our results demonstrate the progress of our turnaround
strategies that are focused on delivering compelling fashion and
value to our customers and increasing inventory turns through
narrow and deep assortments ...'
"Investor confidence was further boosted after the Company said
it was in compliance with its loan covenants after amending its
debt agreement ... Based on its business plan, the Company believes
it has adequate liquidity to fund anticipated working capital
requirements throughout 2010."
To read the entire report visit:
http://www.stockpreacher.com/n/BKRS
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