Great American Group Handles Liquidation of Bakers Footwear Group

  Great American Group Handles Liquidation of Bakers Footwear Group

   - Major Discounts Offered to Customers at Remaining Stores and Online -

Business Wire

WOODLAND HILLS, Calif. -- January 25, 2013

Great American Group, Inc. (OTCBB:GAMR) has been selected to handle the
liquidation of Bakers Footwear Group, Inc., offering discounts for products in
56 of Bakers Footwear Groups’ remaining stores, as well as online at

“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 percent off, Carpenter urges
shoppers to head to their local stores or visit the website soon for the best

Bakers locations in Alabama, California, Connecticut, Florida, Georgia,
Illinois, Kansas, Kentucky, Louisiana, Michigan, Missouri, Nevada, New Jersey,
New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia are part of
the sale event, which is also being conducted online at

On Jan. 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.

Bakers Footwear Group, once a leading national mall-based retailer of shoes
for young women, operated 236 Bakers and Wild Pair shoe stores in 37 states
before filing for Chapter 11 bankruptcy last October due to declining sales.
At that time, the company hired GA Keen Realty Advisors, LLC of New York, a
division of Great American Group, to market leases for 150 Bakers and Wild
Pair shoe store locations in 31 states.

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

About Great American Group, Inc. (OTCBB:GAMR)

Great American Group is a leading provider of asset disposition and auction
solutions, advisory and valuation services, capital investment, and real
estate advisory services for an extensive array of companies. A trusted
strategic partner at every stage of the business lifecycle, Great American
Group efficiently deploys resources with sector expertise to assist companies,
lenders, capital providers, private equity investors and professional service
firms in maximizing the value of their assets. The company has in-depth
experience within the retail, industrial, real estate, healthcare, energy and
technology industries. The corporate headquarters is located in Woodland
Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C.,
Chicago, Dallas, New York, San Francisco and London. For more information,
call (818)884-3737 or visit


Great American Group
Michelle Kahan, 818-884-3737
Director of Marketing
Mulberry Marketing Communications
Ron Whittington, 904-355-8680
Senior Account Executive
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