Californian fashion company Big Dog Holdings Inc has reported net sales of $29.5 million for the third quarter of 2003, down from $30.1m over the same period last year.

According to CEO Andrew Feshbach, the decrease in sales resulted from the closing of several of the company's unprofitable stores.

"The third quarter began with slower store sales and consumer traffic through July," he said.

"Similar with other retailers, we experienced a general increase in our business during the summer and this trend has continued into the fourth quarter."

Big Dog is a developer, marketer and retailer of casual sportswear and accessories, with 198 retail stores in operation.