Bakers Footwear Reports Fourth Quarter and Fiscal 2005 Sales; Fourth Quarter Comparable Store Sales Increase 24.5%; Full Year Fi

Bakers Footwear Group, Inc. (Nasdaq: BKRS), the leading
specialty retailer of moderately priced fashion footwear for young
women, with 235 stores, today reported fourth quarter and fiscal year
2005 net sales.
   For the thirteen weeks ended January 28, 2006 (the Company's
fourth fiscal quarter) net sales increased 37.7% to $61.3 million, as
compared to $44.5 million in the thirteen weeks ended January 29,
2005. Comparable store sales in the fourth quarter increased 24.5%, as
compared to a 0.1% decrease in the comparable period last year. For
the fifty-two week period ended January 28, 2006, net sales increased
29.1% to $194.8 million, as compared to $150.9 million in the
fifty-two weeks ended January 29, 2005. Full year fiscal 2005
comparable store sales increased 16.7%, as compared to a 1.4% increase
in the comparable period last year.
   During the fourth quarter of fiscal 2005, Bakers Footwear opened 6
new stores in our new Bakers format. The Company now has 118 stores
operating in its new Bakers format.
   Peter Edison, Chairman and Chief Executive Officer of Bakers
Footwear Group, said, "We finished the year strongly, delivering a
24.5% increase in comparable store sales during the fourth quarter, a
tremendous accomplishment for our Company. During the year we expanded
our market share and grew customer loyalty with great products and
enticing store layouts for both our Bakers and Wild Pair concepts. We
look forward to building upon our current success this year by
continuing our store expansion, remodel and merchandising
initiatives."

   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 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.