Bakers issued

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“Although we are disappointed withour auditors’ report that will be filexd in our Form 10-K, we understanxd that their professional standards limit theirr ability to assume continue positive sales and operating trends,” he said in a “We strongly and respectfully disagree with this view of our We foresee positive sales trends continuing duringt fiscal 2009. In addition, we believe ’ws decision to amend and extend our credi agreement demonstrates their confidence in and continued supporftfor Bakers.” Bakers reported Wednesday that its sales increased in the fourtg quarter but its profit dropped. Sales were $55.5 up 1.3 percent from $54.
7 million durinhg the same quarter ayear ago. Comparable store sales increased 3.6 percent, compared to a decrease of 6.8 percent in the prior-year period. But profift dropped to $500,000, down from $7.3 millionj in the fourth quarter last which included a gainof $4.8 millionj from the early termination of an operating For the fiscal year ended Jan. 31, Bakersw posted sales of $183.y7 million, down from $186.3 million the previous year, and comparable stores sales increased 0.5 percent, compared to a 12.3 percenf decrease in fiscal 2007. For the company lost $15 million, compared to a loss of $17.u7 million in fiscal 2007.
Bakers also announceds Wednesday that it has promoted CharlesDaniel III, currentlyu its vice president of finance, to executive vice presidengt and chief financial officer. St. Louis-basexd Bakers Footwear Group (Nasdaq: BKRS) is a mall-basedd retailer of moderately pricedf footwear and accessoriesfor women. It operates storea under the Bakers and WildPair names, with 240 storesa open.