Daily News: January 28, 2013

Great American Handles Bakers Footwear Group Liquidation

Great American Group will handle the liquidation of Bakers Footwear Group, offering discounts for products in 56 of Bakers Footwear Groups’ remaining stores, as well as online.

“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.

With merchandise being sold for at least 40% off, Carpenter urges shoppers to head to their local stores or visit the website soon for the best selection.

On January 15, 2013 a bankruptcy judge for the U.S. Bankruptcy Court in St. Louis signed a Chapter 7 order allowing Bakers Footwear Group to conduct going-out-of-business sales at its remaining stores.

Bakers Footwear Group is the third shoe 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.

Founded in 1929 under a different name, Bakers Footwear Group stores target women between 12 and 29 years old, selling merchandise including private label and national brand dress, casual and sport shoes, boots, sandals and accessories.

Great American Group is a provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies.