January 11, 2002, 12:00 AM

Jos. A. Bank’s web sales grow while total sales drop

The web continues to grow as a percentage of Jos. A. Bank Clothiers Inc. total sales. Bank’s web sales increased 55.7% in December, while total sales for the company fell 5%.

Kurt Peters

Executive Editor

The web continues to grow as a percentage of Jos. A. Bank Clothiers Inc. total sales. Bank’s web sales increased 55.7% in December, the company reported today, while total sales for the company fell 5%. Bank does not break out sales numbers for its web site. Bank’s December sales totaled $32.2 million, down from $33.9 million in December 2000.

In addition, in December catalog sales decreased 26.2% on a planned 21.1% reduction of catalogs mailed.

Bank reported that after adjusting for the fiscal December calendar shift which resulted in one less pre-Christmas week this year, total sales increased 3.3%. Comparable store sales decreased 6.7% compared to the same five-week period last year.

 

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