Bakers Footwear Group has filed for Chapter 11 bankruptcy.
The St. Louis-based company, a mall-based footwear chain aimed at young women, said it plans to keep it current stores open. And all of its customer programs and policies, including those related to coupons and refunds, will remain in effect.
Bakers has been in default of the terms of a loan. It filed for bankruptcy Wednesday in federal court in St. Louis listing between $50 million and $100 million in estimated liabilities and between $10 million and $50 million in estimated assets. Read more on St. Louis Post-Dispatch.