After opening 34 new stores in fiscal 2006, Bakers will open 12to 18 new stores in fiscal 2007, with half of them opening in thefirst half of the year. Openings will be backfill locations. Thecompany also plans eight remodels in fiscal 2007, after completing15 remodels in 2006.
"Our decision to slow the growth of new stores will allow us tofund the expansion from cash flow," said Peter Edison, chairman andCEO. "We hope to accelerate the expansion in fiscal 2008."
Bakers Footwear Group currently operates 261 stores under theBakers and Wild Pair banners. Ultimately, the chain hopes tooperate up to 600 Bakers and Wild Pair stores, the chain said.
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