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bakers footwear group inc (BKRSQ) Snapshot

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12/11/13 - $0.0080
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bakers footwear group inc (BKRSQ) Details

Bakers Footwear Group, Inc., a mall-based specialty retailer, engages in the sale of footwear and accessories for young women in the United States. The company offers casual footwear, including sport shoes, sandals, athletic shoes, outdoor footwear, casual daywear, weekend casual, casual booties, and tall-shafted boots; and dress footwear, such as career footwear, tailored shoes, dress shoes, special occasion shoes, and dress booties. It also provides accessories comprising handbags, jewelry, sunglasses, ear clips and earrings, leggings, scarves, and other items. The company sells its products under the Bakers and Wild Pair names, as well as under the other private labels and national brands. As of August 27, 2012, 2012, it operated 218 stores. Bakers Footwear Group, Inc. also sells its products through Internet store and catalogs. The company was formerly known as Weiss and Neuman Shoe Co. and changed its name to Bakers Footwear Group, Inc. in February 2001. Bakers Footwear Group, Inc. was founded in 1924 and is headquartered in St. Louis, Missouri. On January 18, 2013, the voluntary petition of Bakers Footwear Group, Inc. for reorganization under Chapter 11 was converted to Chapter 7. It had filed for Chapter 11 bankruptcy on October 3, 2012.

478 Employees
Last Reported Date: 04/27/12
Founded in 1924

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bakers footwear group inc (BKRSQ) Key Developments

SEC Orders Hearings On Registration Suspension Or Revocation Against Bakers Footwear Group Inc. For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Bakers Footwear Group Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

Update On Bakers’ Stores Sale

An auction for the leases on 56 retail stores owned by Bakers Footwear Group Inc. is expected to be held on February 18, 2013, with a deadline to submit bids by February 21, 2013. The liquidation of is now being handled by A&G Realty Partners LLC. “Bakers' real estate has begun to create interest among various shoe retailers, particularly those interested in access to premier locations in some of the top malls in the country,” said Michael Jerbich, Partner at A&G Realty Partners, who is managing the court-supervised sale process.

Bakers Footwear Group Inc. announced delayed 10-Q filing

On 01/07/2013, Bakers Footwear Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.


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