Final Liquidation Planned at Remaining Bakers Stores

Oodland Hills, CA—Great American Group, Inc. has been hired to handle the liquidation of Bakers Footwear Group, Inc., which includes discounts on merchandise remaining in Bakers last 56 stores.

The move comes after a bankruptcy judge on Jan. 15 signed a Chapter 7 order allowing Bakers Footwear Group to conduct going-out-of-business sales. The footwear retailer abandoned plans to restructure its business earlier this month. declining sales.

Bakers locations in Alabama, California, Connecticut, Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia are part of the sale event, which is also being conducted online at www.bakersshoes.com.

“We are offering significant discounts online and on all store items, so consumers will have the opportunity to purchase quality, name-brand women’s shoes at steep discounts,” said Scott Carpenter, president of Great American Group’s Retail Division.

Bakers Footwear Group had operated 236 Bakers and Wild Pair shoe stores in 37 states before filing for Chapter 11 bankruptcy last October due to declining sales. At that time, the company hired GA Keen Realty Advisors, LLC of New York, a division of Great American Group, to market leases for 150 Bakers and Wild Pair shoe store locations in 31 states.

Bakers Footwear Group is the third footwear retailer that has selected Great American Group to liquidate stores over the past 18 months. Great American Group assisted Payless ShoeSource and Sterling Shoes with store restructuring projects, consolidating store locations for both companies in 2011 and 2012.

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