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Shoe-Store Chain Bakers Looks to Liquidate

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A month after debuting a plan to reorganize around its remaining locations, Bakers Footwear Group Inc. is reversing course and plotting the full liquidation of its chain of shoe stores, Dow Jones DBR Small Cap reported today. The St. Louis-based retailer on Jan. 2 said that it has failed to come up with a restructuring that passes muster with its secured lender or other constituents in its bankruptcy case.