The Walking Company saw comparable store sales increase approximately 20% for the three-day Thanksgiving weekend. The shoe chain also saw low-double-digit comparable store sales for months of October and November.
Andrew Feshbach, CEO of Big Dog Holdings, Inc., Walking Co.'s parent, also said gross margins “appear to be above last year's results for the holiday weekend.” Feshbach also expects Walking Co. to show low-double-digit comp gains for the remainder of the year.
“With margins holding above last year, we appear to be in a good position to achieve improved financial performance for The Walking Company for 2007,” said Feshbach. “Further, we have now expanded The Walking Company to 178 stores, with nine more stores opening in December and three underperforming stores closing by around year end. Looking into 2008, we appear poised to grow rapidly as we continue our store expansion and integrate our new acquisition (Natural Comfort Footwear) which is scheduled to close in early January.”
