Bakers Footwear Group Inc. continues to be plagued with financial trouble, evidenced by the St. Louis-based firm’s 93 percent earnings slide in the fourth quarter, reported on Wednesday.Bakers’ net income totaled just $500,000, or 7 cents a diluted share, for the quarter ended Jan. 31, 2009, versus $7.3 million, or $1.03, in the fourth quarter of last year (which included a gain of $4.8 million, or 67 cents a diluted share, from the early termination of an operating lease).The company’s independent accounting firm also issued a coinciding audit warning of an “existence of conditions that raise substantial doubt about whether the company can continue as a going concern.”
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