Santa Barbara, Calif., Big Dog Holdings, Inc. on Wednesday reported its fourth-quarter and year-end sale results.
Consolidated net sales for 2005 totaled $179.1 million, an 11% increase from the previous year. Consolidated net sales for the fourth quarter were $59.4 million, up about 6.6% compared to the same quarter in 2004.
The company attributed the rise in net sales to the new stores that opened during the period and a 23% increase in mail order/Internet revenue.
In related news, a subsidiary of Big Dog Holdings, The Walking Co. announced that it has closed its acquisition of substantially all assets of Steve’s Shoes, Inc. for approximately $4.2 million. Steve’s Shoes operates 45 stores in 22 states, operating under the Steve’s Shoes, Overland Trading Co., and Sole Outdoors logos. The stores acquired will largely be converted to The Walking Co. format.