Bakers Footwear Reports First Quarter Sales; First Quarter Comparable Store Sales Decrease 0.8%

Bakers Footwear Group, Inc. (Nasdaq: BKRS), the leading
specialty retailer of moderately priced fashion footwear for young
women, with 245 stores, today reported first quarter fiscal 2006 net
sales.
   For the thirteen weeks ended April 29, 2006 (the Company's first
fiscal quarter) net sales increased 10.8% to $49.8 million, as
compared to $44.9 million in the thirteen weeks ended April 30, 2005.
Comparable store sales in the first quarter decreased 0.8%, as
compared to a 7.8% increase in the comparable period last year. Our
web store net sales, which are a component of comparable store sales,
increased 172.9%.
   During the first quarter of fiscal 2006, Bakers Footwear opened 12
new stores in our new Bakers format. The Company now has 133 stores
operating in its new Bakers format.
   Peter Edison, Chairman and Chief Executive Officer of Bakers
Footwear Group, said: "Softness in our sandal business caused first
quarter comparable store sales to fall short of our goal for a
low-to-mid single digit increase. We are working aggressively to
improve this segment of our business while positioning our stores to
capitalize on the exciting new trends developing in time for the
back-to-school season. We also remain pleased with our new store
expansion and remodel programs, which remain on track with our
expectations. As in prior years, performance of our new format stores
continues to exceed older format stores, demonstrating the
effectiveness of our new store design."

   About Bakers Footwear Group

   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 225 stores nationwide under two formats,
Bakers and Wild Pair. 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 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.