Bakers Footwear Announces Release Date and Webcast for Fourth Quarter and Fiscal Year 2009 Results

Bakers Footwear Group, Inc. (NASDAQ: BKRS) today announced that the Company will report fourth quarter and fiscal year 2009 results on Thursday, March 25, 2010 before the market opens. The Company plans to conduct a conference call to discuss these results on the same day at 9:00 a.m. Eastern Time. The conference call will be hosted by Peter Edison, Chairman and Chief Executive Officer, and Charles R. Daniel III, Chief Financial Officer.

Investors and analysts interested in participating in the call are invited to dial [phone] approximately five minutes prior to the start of the call. The conference call will also be webcast live at http://viavid.net/dce.aspx?sid=0000729D. A replay of this call will be available until April 1, 2010 and can be accessed by dialing [phone] and referencing account number 3055 and entering confirmation number 347728. The webcast will remain available for 30 days at the same web address following the conference call.

About Bakers Footwear Group, Inc.

Bakers Footwear Group, Inc. 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 239 stores nationwide. Bakers’ stores focus on women between the ages of 16 and 35. Wild Pair stores offer fashion-forward footwear to both women and men between the ages of 17 and 29.