8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

_______________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event

reported): September 2, 2010

Bakers Footwear Group, Inc.

 (Exact Name of Registrant as Specified in Charter)

Missouri --------------------------- (State or Other Jurisdiction of Incorporation) 000-50563 ------------------- (Commission File Number) 43-0577980 --------------------------- (I.R.S. Employer Identification Number)

2815 Scott Avenue St. Louis, Missouri ---------------------------------------------------- (Address of Principal Executive Offices)   63103 ------------------ (Zip Code)

Registrant’s telephone number, including area code:

(314) 621-0699

------------------------------------------

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On September 2, 2010, Bakers Footwear Group, Inc. (the “Company”) issued a press release announcing net sales results for the thirteen weeks ended July 31, 2010 and the four weeks ended August 28, 2010.  A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.  The description of the press release contained herein is qualified in its entirety by the full text of such exhibit.

                Exhibit 99.1 contains forward-looking statements (within the meaning of Section 27(A) of the Securities Act of 1933 and Section 21(E) of the Securities Exchange Act of 1934). The Company has no duty to update such statements. Actual future events and circumstances could differ materially from those set forth in this Current Report, including Exhibit 99.1, due to various factors.

                Factors that could cause these conditions not to be satisfied include material declines in sales trends and liquidity, material changes in capital market conditions or in the Company’s business, prospects, results of operations or financial condition, and other risks and uncertainties, including those detailed in the Company’s most recent Annual Report on Form 10-K, including those discussed in “Risk Factors,” in “Management’s Discussion and Analysis of Financial Position and Results of Operations” and in Note 2 to the Company’s financial statements, and in the Company’s other filings with the Securities and Exchange Commission.

Item 7.01. Regulation FD Disclosure.

                The information set forth under Item 2.02 is incorporated herein by reference.

Item 9.01.Financial Statements and Exhibits.

(d)  Exhibits.  See Exhibit Index.

SIGNATURES

                Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BAKERS FOOTWEAR GROUP, INC
Date: September 2, 2010	By:          /s/ Charles R. Daniel, III
	Charles R. Daniel, III               Executive Vice President,               Chief Financial Officer,               Controller, Treasurer and               Secretary

EXHIBIT INDEX 

Exhibit No.	Description of Exhibit
99.1	Press release dated September 2, 2010 relating to net sales results for the thirteen weeks ended July 31, 2010 and the four weeks ended August 28, 2010.

EX-9

Exhibit 99.1

Company Contact:

Charles R. Daniel, III

Chief Financial Officer

(314) 621‑0699

Final For Release

Investor Contacts:

ICR, Inc.

Allison Malkin/Jane Thorn Leeson

(203) 682-8225/(646) 277-1223

BAKERS FOOTWEAR REPORTS SECOND QUARTER FISCAL YEAR 2010 NET SALES

Second Quarter Comparable Store Sales Increase 0.2%

August Comparable Store Sales Increase 0.9%

ST. LOUIS, Mo. September 2, 2010 – Bakers Footwear Group, Inc. (OTC Bulletin Board: BKRS.OB), a leading specialty retailer of moderately priced fashion footwear for young women, with 237 stores, today reported net sales for the July and August 2010 and second quarter fiscal 2010 periods.

For July, the four-week period ended July 31, 2010, net sales increased to $11.9 million, compared to $11.3 million in the same period last year.  Comparable store sales (sales for stores open at least one year or more) for the four-week July 2010 period increased 7.8%, compared to a decrease of 5.5% for the four-week period ended August 1, 2009.

For the thirteen weeks ended July 31, 2010, the Company’s second fiscal quarter, net sales were $43.3 million, down from $43.7 million for the thirteen weeks ended August 1, 2009. Comparable store sales for the second quarter of fiscal 2010 increased 0.2%, compared to a comparable store sales increase of 0.7% for the second quarter of fiscal 2009.

For the twenty-six week year-to-date period ended July 31, 2010, net sales were $86.8 million, decreasing 2.1% from $88.7 million in the twenty-six week period ended August 1, 2009. Comparable store sales for the first half of fiscal 2010 decreased 0.7%, compared to an increase of 2.8% in the first half of last year.

For August, the four-week period ended August 28, 2010, net sales decreased to $11.1 million, down from $11.2 million in the same period last year. Comparable store sales for the four-week August 2010 period increased 0.9%, compared to a decrease of 10.3% for the four-week period ended August 29, 2009.

Peter Edison, Chairman and Chief Executive Officer of Bakers Footwear Group commented, “Our second quarter sales results included a sequential improvement in our comparable store sales trend as the quarter progressed with comps turning positive in July, driven by increased promotional activity in sandals. Our comp trend continued positively in August, with a good early response to our fall assortments particularly boots, dress shoes and casual footwear. As we look ahead, we expect to deliver comparable store sales growth for the fall season fueled by the strength of our trend-right fashion assortments and the introduction of new brands, as well as easier comparisons to the prior year.” 

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About Bakers Footwear Group, Inc.

Bakers Footwear Group, Inc. is a national, mall-based, specialty retailer of distinctive footwear and accessories for young women. The Company’s merchandise includes private label and national brand dress, casual and sport shoes, boots, sandals and accessories. The Company currently operates 237 stores nationwide. Bakers’ stores focus on women between the ages of 16 and 35. Wild Pair stores offer fashion-forward footwear to both women and men between the ages of 17 and 29.

THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS (WITHIN THE MEANING OF SECTION 27(A) OF THE SECURITIES ACT OF 1933 AND SECTION 21(E) OF THE SECURITIES EXCHANGE ACT OF 1934). BAKERS FOOTWEAR HAS NO DUTY TO UPDATE SUCH STATEMENTS. ACTUAL FUTURE EVENTS AND CIRCUMSTANCES COULD DIFFER MATERIALLY FROM THOSE SET FORTH IN THIS STATEMENT DUE TO VARIOUS FACTORS. FACTORS THAT COULD CAUSE THESE CONDITIONS NOT TO BE SATISFIED INCLUDE INABILITY TO SATISFY DEBT COVENANTS, MATERIAL DECLINES IN SALES TRENDS AND LIQUIDITY, MATERIAL CHANGES IN CAPITAL MARKET CONDITIONS OR IN BAKERS FOOTWEAR’S BUSINESS, PROSPECTS, RESULTS OF OPERATIONS OR FINANCIAL CONDITION, AND OTHER RISKS AND UNCERTAINTIES, INCLUDING THOSE DETAILED IN BAKERS FOOTWEAR’S MOST RECENT ANNUAL REPORT ON FORM 10-K AND OUR MOST RECENT QUARTERLY REPORT ON FORM 10-Q, INCLUDING THOSE DISCUSSED IN “RISK FACTORS,” IN “MANAGEM ENT’S DISCUSSION AND ANALYSIS OF FINANCIAL POSITION AND RESULTS OF OPERATIONS” AND IN NOTE 2 TO THE FINANCIAL STATEMENTS IN THESE REPORTS, AND IN BAKERS FOOTWEAR’S CURRENT REPORT ON FORM 8-K FILED ON AUGUST 27, 2010 AND IN ITS OTHER FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.

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