Women’s shoe retailer Bakers Footwear Group slid to a bigger second quarter loss after sales edged down 1% in the three months to 31 July.
Comparable store sales were up 0.2%, but increased discounting affected profitability, the US company said.
Chairman and CEO Peter Edison described the performance as “disappointing, driven by a lacklustre response to our sandal offerings, which led to increased promotional activity during the quarter”.
But he added: “That said, we ended the quarter in a solid inventory position with improving sales trends during the latter part of the quarter.”
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