Bakers Footwear Group, Inc. reported sales in the four-week period ended Jan. 29 were $11.5 million, a decrease of 3.2% from $11.9 million for the four-weeks ended January 30, 2010. Comparable store sales decreased 1.3%, compared to an increase of 0.8% for the four-week period ended Jan. 30, 2010.

For the thirteen-weeks ended January 29, 2011, the company's fourth fiscal quarter, net sales increased 1.0% to $58.2 million, from $57.6 million for the thirteen-weeks ended January 30, 2010. Comparable store sales for the fourth quarter of fiscal 2010 increased 2.6%, compared to a comparable store sales increase of 3.9% for the fourth quarter of fiscal 2009.

For the fifty-two weeks ended January 29, 2011, the company's fiscal year 2010, net sales were $185.6 million compared to $185.4 million last year. Comparable store sales for fiscal year 2010 increased 1.7%, compared to a comparable store sales increase of 1.3% for fiscal year 2009.

Peter Edison, Chairman and Chief Executive Officer of Bakers Footwear Group commented, “We are pleased to report increased comparable store sales for the fourth quarter and fiscal year continuing our positive momentum from 2009. Fiscal year 2010 is our third consecutive year of positive comparable store sales. Our fourth quarter sales were driven by our initiatives in new and exclusive brands, as well as our continued ability to capitalize on the trends in fashion footwear. We expect our favorable sales performance to continue as we begin fiscal 2011 and are particularly encouraged by the excitement in our current and upcoming spring offerings.”

Based on the company's business plan, the company believes it has adequate liquidity to fund anticipated working capital requirements and expects to be in compliance with its financial covenants through the next twelve months.