Bakers Footwear Announces Eight New Store Openings in Fourth Quarter.ST. LOUIS -- Bakers Footwear Footwear consists of garments worn on the feet. It is worn for a variety of reasons, including protection against the environment, hygiene and adornment. Usually, socks and other hosiery are worn between the feet and the footwear, except for sandals and flip flops (thongs). Group (Nasdaq: BKRS), the leading specialty retailer of moderately priced fashion footwear Shoe fashion properties  Closed toe pumps for young women, today announced it has opened eight new stores in the fourth quarter prior to the start of the holiday selling season. The eight stores, with an average of approximately 2,170 square feet, are located in the following strategic markets: --Schaumburg, IL (Chicago) --Arcadia, CA (Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. ) --Rancho Cucamonga, CA (Los Angeles) --Saugus, MA (Boston) --Salem, NH (Boston) --Concord, CA (Oakland) --Towson, MD (Baltimore Baltimore, city (1990 pop. 736,014), N central Md., surrounded by but politically independent of Baltimore co., on the Patapsco River estuary, an arm of Chesapeake Bay; inc. 1745. ) --Phoenix, AZ In addition, the company noted it is scheduled to open another new store in Braintree, MA (Boston) by mid-December. Including the eight new stores opened in the third quarter, Bakers Footwear plans to have a total of 219 stores by the end of fiscal 2004 ending January 1, 2005. Peter Edison, Chairman & Chief Executive Officer of Bakers Footwear Group, said, "We are pleased to remain on track to open 17 new stores in fiscal 2004. Seven of the eight new stores opened in the fourth quarter are strategically located in regional, enclosed en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. malls and the other, in Rancho Cucamonga Rancho Cucamonga (răn`chō k  'kəmäng`gə), city (1990 pop. 101,409), San Bernardino co., S Calif. , stands in an outdoor lifestyle center.
Our new store format continues to perform above expectations and we are
encouraged by improving business conditions during the holiday selling
season. Our plan for strong long-term Long-termThree or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth includes opening 25-30 new stores in fiscal 2005 and leveraging our existing infrastructure to maximize financial results. We are confident our new store locations will expand our loyal customer base and strengthen our reputation as a leader in fashion footwear." About Bakers Footwear Group Bakers Footwear Group is a national, mall-based, specialty retailer of distinctive footwear and accessories for young women. The company's merchandise includes private label and national brand dress, casual and sport shoes, boots, sandals and accessories. The company currently operates more than 200 stores nationwide under two formats, Bakers and Wild Pair. Bakers stores focus on women between the ages of 12 and 29. Wild Pair stores offer fashion-forward footwear to both women and men between the ages of 17 and 24. THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. (WITHIN THE MEANING OF SECTION 27(A) OF THE SECURITIES ACT OF 1933 AND SECTION 21(E) OF THE SECURITIES EXCHANGE ACT OF 1934). BAKERS FOOTWEAR HAS NO DUTY TO UPDATE SUCH STATEMENTS. ACTUAL FUTURE EVENTS AND CIRCUMSTANCES CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or COULD DIFFER MATERIALLY FROM THOSE SET FORTH IN THIS STATEMENT DUE TO VARIOUS FACTORS. FACTORS THAT COULD CAUSE THESE CONDITIONS NOT TO BE SATISFIED INCLUDE MATERIAL CHANGES IN CAPITAL MARKET CONDITIONS OR IN BAKERS FOOTWEAR'S BUSINESS, PROSPECTS, RESULTS OF OPERATIONS OR FINANCIAL CONDITION AND OTHER RISKS AND UNCERTAINTIES, INCLUDING THOSE DETAILED IN BAKERS FOOTWEAR'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. |
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