3/29/11

Dover Saddlery rides the web to 2010 sales growth

Web sales and total sales grow 13.2% and 2.6%, respectively.

Bill Briggs , Senior Editor

Dover Saddlery Inc., a multichannel retailer of gear and accessories for horse owners and riders, rode the web to a healthy overall sales increase in 2010.

For the fiscal year ended Dec. 31, Dover Saddlery, No. 309 in the Internet Retailer Top 500 Guide, reported:

Internet Retailer calculates the web accounted for 40.4% of total sales in 2010, compared with 36.6% in 2009.

The improvement in net income was attributed to increased revenue and gross profit, cost savings, and non-recurring investment income, the company says.

Dover Saddlery does not break out quarterly web sales, but for the fourth quarter the company did report:

“Our financial performance for the fourth quarter and full year 2010 was extremely strong and is a testament to our cost-controlling strategies and to the strength of our brand,” says Stephen L. Day, president and CEO.

Topics:

2010 e-commerce sales, 2010 earnings, 2010 financials, Dover Saddlery, Dover Saddlery 2010 earnings, DoverSaddlery.com, Q4 2010 earnings, Q4 2010 financials, Q4 earnings, Q4 financials, Stephen L. Day, Top 500

NEWS CATEGORIES Back to Top...