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Bakers Cleared to Auction Rights for Store-Closing Sales

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Bankruptcy Judge Charles E. Rendlen said that shoe retailer Bakers Footwear Group Inc . can hire professional liquidators to close down more than 150 stores by the end of the year, Dow Jones DBR Small Cap reported today. Judge Rendlen on Thursday signed off on Bakers' request to name a joint venture formed by liquidators SB Capital Group and Tiger Capital Group as the stalking-horse bidder to conduct the sales pending an auction scheduled for today.