Bakers Footwear Reports 3.6% Comparable Store Sales Increase in November 2008

  
    
  
  
    
      Bakers Footwear Group, Inc. (Nasdaq: BKRS), a leading specialty 
      retailer of moderately priced fashion footwear for young women, with 241 
      stores open, reported November 2008 sales.
    
    
      For November, the four-week period ended November 29, 2008, comparable 
      store sales (sales for stores open at least one year or more) increased 
      3.6%, compared to a decrease of 3.7% for the four-week period ended 
      December 1, 2007. Net sales for the four-week November 2008 period 
      increased 1.7% to $16.2 million, compared to $16.0 million in the same 
      period last year.
    
    
      Peter Edison, Chairman and Chief Executive Officer of Bakers Footwear 
      Group commented, “We are pleased to continue our positive sales 
      performance in November by reporting a 3.6% increase in comparable store 
      sales for the period. Our comparable store sales gained momentum 
      throughout the month and included a 13.4% increase for the Thanksgiving 
      weekend of Black Friday, November 28, 2008 and Saturday, November 29, 
      2008 compared to the two days following Thanksgiving 2007. This marked a 
      fabulous launch to the holiday selling season. During the month, we 
      experienced solid trends across all of our key categories with 
      particular strength in boots and dress shoes. As we look ahead, we 
      remain enthusiastic regarding our ability to continue our favorable 
      sales trends in December, especially given the strong early performance 
      of our holiday assortments.”
    
    
      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 over 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.