The Walking Co. to Buy Steve’s Shoes

Santa Barbara, Calif., The Walking Co., a wholly owned subsidiary of Big Dog Holdings, Inc., agreed to acquire substantially all of the assets of Steve's Shoes, Inc. for approximately $4.2 million in a bankruptcy auction. Steve’s Shoes is one of the largest independent comfort shoe retailers in the country. Steve’s Shoes operates 45 stores in 22 states, primarily in the Midwest, under the store names Steve’s Shoes, Overland Trading Co., and Sole Outdoors. The Company total annual sales of about $35 million.