Dover Saddlery Eyes Strategic Changes
Dover Saddlery said it has brought on a financial advisor to conduct a strategic review of the company.
Such reviews often result in an acquisition or merger, though the Littleton-based equestrian retailer said it’s not currently in discussions with another party.
Dover said in an announcement Monday that there’s no timetable for the process, and that the review might not result in any action being taken.
The company said it plans to continue rolling out new retail stores during the strategic review. Dover has announced over the past month plans to open new stores in Florida, New Carolina and Texas, bringing its store count to 21.
Dover’s same-store sales fell 8.1 percent during the first quarter of 2013, which the company said stemmed from brutal winter weather that delayed the start of horse show season in many areas.
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