Talks Fail, Bakers To Liquidate Remaining Shoe Stores

Photo courtesy of Creative Commons

A plan to keep some of Bakers Footwear Group’s stores alive came down almost literally to the 11th hour. The bankrupt shoe retailer had been discussing the sale of its remaining business to another company late into the night Tuesday. But talks broke down just before 10 p.m. If the deal had gone through, it would have staved off a final round of store liquidations.

Instead, on Wednesday, the nearly 90-year-old women’s shoe retailer got approval from a bankruptcy court in St. Louis to begin liquidating its remaining 56 stores.

Read more in the St. Louis Post-Dispatch


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