Bakers Footwear Group, Inc. (OTC Bulletin Board: BKRS.OB) today announced that, due to a scheduling conflict, the Company has rescheduled the reporting of its first quarter fiscal 2012 results to Thursday, June 14, 2012 before the market opens from Wednesday, June 13, 2012. The Company plans to conduct a conference call to discuss these results on the same day, Thursday, June 14, 2012 at 9:00 a.m. Eastern Time. The conference call will be hosted by Peter Edison, Chairman and Chief Executive Officer, and Charles R. Daniel III, Chief Financial Officer.

Investors and analysts interested in participating in the call are invited to dial (877) 705-6003 approximately five minutes prior to the start of the call. The conference call will also be webcast live at http://public.viavid.com/index.php?id=100700. A replay of this call will be available until June 21, 2012 and can be accessed by dialing (877) 870-5176 and referencing pin number 395892. The webcast will remain available for 30 days at the same web address following the conference call.

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 223 stores nationwide. Bakers' stores focus on women between the ages of 16 and 35. Wild Pair stores offer fashion-forward footwear to women between the ages of 17 and 29.

Company Contact:
Bakers Footwear Group, Inc.
Charles R. Daniel, III
Chief Financial Officer
314-621-0699
or
Investor Contacts:
ICR, Inc.
Allison Malkin/Rachel Schacter
203-682-8225/646-277-1243