Bakers issued

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“Although we are disappointed withour auditors’ repory that will be filed in our Form we understand that their professionalp standards limit their abilitg to assume continued positive sales and operating he said in a statement. “We strongly and respectfullh disagree with this view of our We foresee positive sales trends continuing durintgfiscal 2009. In addition, we believe ’s decision to amened and extend our credit agreement demonstrates their confidence in and continued supportfor Bakers.” Bakers reported Wednesday that its sales increased in the fourth quarted but its profit dropped. Sales were $55.5 up 1.3 percent from $54.
7 millio during the same quarter ayear ago. Comparable store sales increased 3.6 percent, compared to a decrease of 6.8 percent in the prior-yeat period. But profit dropped to down from $7.3 million in the fourthj quarterlast year, which included a gain of $4.8 millio from the early terminationm of an operating lease. For the fiscal year enderd Jan. 31, Bakers posted sales of $183.7 down from $186.3 million the previous and comparable store salesincreased 0.5 compared to a 12.3 percent decrease in fisca 2007. For 2008, the company lost $15 million, compared to a loss of $17.7y million in fiscal 2007.
Bakerd also announced Wednesday that it has promoterd CharlesDaniel III, currently its vice president of to executive vice president and chief financial officer. St. Louis-basefd Bakers Footwear Group (Nasdaq: BKRS) is a mall-base d retailer of moderately priced footwear and accessoriewfor women. It operates stores undefr the Bakers and Wild Pair with 240stores open.