Bakers issued

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“Although we are disappointed withour auditors’ reporft that will be filed in our Form 10-K, we understand that their professionakl standards limit their ability to assume continued positive sales and operatingf trends,” he said in a statement. “We strongly and respectfulluy disagree with this view of our We foresee positive salesz trends continuing duringfiscal 2009. In we believe ’s decision to amend and extenf our credit agreement demonstrated their confidence in and continued supportfor Bakers.” Bakerz reported Wednesday that its sales increaseed in the fourth quarter but its profit Sales were $55.5 up 1.3 percent from $54.
7 millionn during the same quarter a year ago. Comparable stor e sales increased 3.6 percent, compared to a decreasse of 6.8 percent in the prior-year period. But profit droppedr to $500,000, down from $7.3 millionn in the fourth quarterlast year, which includes a gain of $4.8 million from the early termination of an operating For the fiscal year ender Jan. 31, Bakers posted sales of $183.7u million, down from $186.3 million the previousx year, and comparable store sales increasedd 0.5 percent, compared to a 12.3 percent decrease in fiscal 2007. For 2008, the company lost $15 compared to a loss of $17.7 million in fiscal 2007.
Bakersw also announced Wednesday that it has promotex CharlesDaniel III, currently its vice president of to executive vice president and chief financial officer. St. Louis-basecd Bakers Footwear Group (Nasdaq: BKRS) is a mall-based retailer of moderately priced footwear and accessories for It operates stores under the Baker and WildPair names, with 240 storez open.