The Walking Company is Closing 71 Remaining Big Dogs Stores
The Walking Company Holdings, Inc. (NASDAQ: WALK) has negotiated a plan to close-out its chain of Big Dogs retail stores as part of its long-term restructuring and strategic plan. Although 231 stores-strong at its peak, Big Dog was down to about 140 stores by the end of 2007 and is currently at 71 stores.
The company said it "has reached agreements with substantially all of its landlords to close the remaining stores." In fact, the retailer expects 63 to 68 more stores to close through January 2009, leaving it with six to eight stores, which will liquidate remaining inventories in 2009. The company initiated the Big Dogs liquidation process in May 2008.
According to CoStar Tenant, the typical Big Dogs store is 2,800 square feet and located in an outlet center or mall.
As the Big Dogs casual clothing brand fades out, the company is focused on its growing comfort shoe banner, The Walking Company.
This article appears in CoStar's Retail News Roundup: Oct. 5 to 11, 2008, a weekly column covering retail store expansions, closings, bankruptcies, acquisitions/mergers/sales, new retail developments, personnel changes, sustainability, and more
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