Exhibit 10.8
March 16, 2011
Peter Edison
Dear Peter:
     The 2011 bonus plan reflects the goals for our company this coming year.
Your bonus is based on pre-tax profit for the company in 2011.

                    35.00 %  
of your cumulative salary if the company achieves a pre-tax profit of
  $ 1     42.50 %  
of your cumulative salary if the company achieves a pre-tax profit of
  $ 1,000,000     57.50 %  
of your cumulative salary if the company achieves a pre-tax profit of
  $ 2,000,000     85.83 %  
of your cumulative salary if the company achieves a pre-tax profit of
  $ 3,000,000     99.17 %  
of your cumulative salary if the company achieves a pre-tax profit of
  $ 4,000,000  

     In addition, you will earn 12.5% of your cumulative salary if, in the
opinion of the Compensation Committee, you meet the goals outlined in the
document provided to you separately and the company makes a pre-tax profit of at
least $1.
     I will send a quarterly update in conjunction with our earnings
announcement to update you on the performance of the company versus the bonus
plan.
     The 2011 bonus period covers the fiscal months of February 2011 through
January 2012. You must be an active employee of Bakers Footwear Group at the
time the bonus is paid to be eligible to receive your bonus.

         
 
  Sincerely,    
 
       
 
  /s/ Timothy Finley
 

Timothy Finley    
 
  Chairman, Compensation Committee    

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