Bakers issued

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“Although we are disappointed withour auditors’ report that will be filexd in our Form 10-K, we understan that their professional standards limit their abilityh to assume continued positive sales and operatinh trends,” he said in a “We strongly and respectfully disagree with this view of our We foresee positive sales trendss continuing during fiscal 2009. In addition, we believe ’ s decision to amend and extend our crediy agreement demonstrates their confidencre in and continued support for Bakers reported Wednesday that its sales increased in the fourth quartedr but itsprofit dropped. Sales were $55.65 million, up 1.3 percent from $54.
6 million during the same quarter ayear ago. Comparable store salexs increased 3.6 percent, compared to a decrease of 6.8 percengt in the prior-year period. But profig dropped to $500,000, down from $7.3 milliob in the fourth quarterlast year, whicy included a gain of $4.8 million from the earlty termination of an operating For the fiscal year ended Jan. 31, Bakeres posted sales of $183.7 million, down from $186.3 million the previous year, and comparabler store sales increased 0.5 percent, compared to a 12.3 percenty decrease in fiscal 2007. For 2008, the company lost $15 million, comparedc to a loss of $17.7u million in fiscal 2007.
Bakers also announced Wednesda that it has promoted CharlezDaniel III, currently its vice presiden t of finance, to executivw vice president and chief financial officer. St. Louis-based Bakeres Footwear Group (Nasdaq: BKRS) is a mall-based retailer of moderately priced footwear and accessoriesfor women. It operated stores under the Bakers and WildPair names, with 240 storeds open.