The two firms will become independent publicly traded companies in 2015. The move follows pressure from investor Carl Icahn to spin off the payments ...
Online retailing is the only area showing significant growth at The Spiegel Group, J. Crew Group Inc. and J.C. Penney Co. Inc.
Online retailing is the only area showing significant growth at The Spiegel Group, J. Crew Group Inc. and J.C. Penney Co. Inc. Here are the latest reports from those three:
Sales at Spiegel continue their slide while online sales remain strong. Total sales fell 17% in November to $255.2 million vs. November of last year. Spiegel’s Internet sales grew 15% for the month.
Year-to-date total sales are 8% below last year, $2.334 billion vs. $2.524 billion.
Year-to-date Internet sales at J. Crew Group have grown 22% to $94.5 million from $77.4 million last year, the company reported today. Total sales at J. Crew are up slightly to $311.2 million from $309.1 million. The Internet now accounts for 30% of J. Crew sales vs. 25% a year ago.
For November, J. Crew Internet sales grew 16.5% to $16.2 million from $13.9. Total sales were $38.5 million vs. $40.4 million a year ago. Comparable store sales declined 24.8% in November vs. last year and 15.4% for the year. J. Crew’s catalog sales fell 15.6% year to date to $107.7 million.
Internet sales at J.C. Penney have grown 16.5% so far this year over last, to $240 million from $206 million, the company reported today. Department store sales are up 0.9% while Eckerd drugstore sales are up 6.2%.
November web sales were up 30% to $39 million from $30 million. Department store sales in November were down 0.5% while drugstore sales were up 6.2%.