Bakers Footwear Reports 3.4% Comparable Store Sales Increase in December 2008

  
    
  
  
    
      Bakers Footwear Group, Inc. (Nasdaq: BKRS), a leading specialty 
      retailer of moderately priced fashion footwear for young women, with 240 
      stores open, reported December 2008 sales.
    
    
      For December, the five-week period ended January 3, 2009, comparable 
      store sales (sales for stores open at least one year or more) increased 
      3.4%, compared to a decrease of 7.4% for the five-week period ended 
      January 5, 2008. Net sales for the five-week December 2008 period 
      increased to $27.4 million, compared to $27.1 million in the same period 
      last year.
    
    
      Peter Edison, Chairman and Chief Executive Officer of Bakers Footwear 
      Group commented: “We were pleased to report a 3.4% increase in December 
      comparable store sales during the height of a very challenging holiday 
      season. During the month, our assortments resonated well across our 
      footwear categories. As we look ahead, we anticipate our positive 
      comparable store sales trends to continue, especially given favorable 
      early spring receipt trends.”
    
    
      The Company also announced that it will be presenting at the Cowen & 
      Company and ICR XChange investor conferences during January 2009. The 
      Cowen & Company 7th Annual Consumer Conference 
      presentation is scheduled for Tuesday, January 13, 2009 at 9:00 am 
      Eastern Time at The Westin New York at Times Square. The 11th Annual 
      ICR XChange Conference presentation is scheduled for Thursday, January 
      15, 2009 at 1:20 pm Eastern Time at the St. Regis Monarch Beach Resort & 
      Spa in Dana Point, California. Peter Edison, Chairman and Chief 
      Executive Officer, will host the presentations.
    
    
      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 240 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.
    
    
      THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS (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 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 
      INABILITY TO SATISFY DEBT COVENANTS, MATERIAL DECLINES IN SALES TRENDS 
      AND LIQUIDITY, MATERIAL CHANGES IN CAPITAL MARKET CONDITIONS OR IN 
      BAKERS FOOTWEAR’S BUSINESS, PROSPECTS, RESULTS OF OPERATIONS OR 
      FINANCIAL CONDITION, INABILITY TO COMPLY WITH NASDAQ LISTING 
      REQUIREMENTS AND OTHER RISKS AND UNCERTAINTIES, INCLUDING THOSE DETAILED 
      IN BAKERS FOOTWEAR’S MOST RECENT ANNUAL REPORT ON FORM 10-K AND OUR MOST 
      RECENT QUARTERLY REPORTS ON FORM 10-Q, INCLUDING THOSE DISCUSSED IN 
      “RISK FACTORS,” IN “MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL 
      POSITION AND RESULTS OF OPERATIONS” AND IN NOTE 2 TO THE FINANCIAL 
      STATEMENTS IN THESE REPORTS, AND IN BAKERS FOOTWEAR’S OTHER FILINGS WITH 
      THE SECURITIES AND EXCHANGE COMMISSION.