August 7, 2003, 12:00 AM

Web sales shoot up 60% in July at Sharper Image and J.C. Penney

Internet sales at Sharper Image Corp. increased 60% in July to $5.6 million from last July`s $3.5 million, the company reported today. J. C. Penney also reported that Internet sales increased by more than 60% for both July and the quarter just ended.

 

Internet sales at Sharper Image Corp. increased 60% in July to $5.6 million from last July`s $3.5 million, the company reported today. For the month, the web accounted for 14.9% of all sales vs. 11,2% a year ago. Total company sales in July were up 20% to $37.6 million from last year`s $31.2 million.

For the second quarter, Internet sales increased 50% to $18.3 million from last year`s second quarter sales of $12.2 million. The web accounted for 14.7% of all sales vs. 12.2% a year ago. Companywide sales increased 25% to $124.7 million from last year`s $99.6 million.

Sharper Image reported a similar story for the first half: Internet sales increased 46% to $35.2 million from last year`s $24.1 million, accounting for 14.6% of all sales vs. 12.6% a year ago. Companywide sales increased 27% to $241.7 million from last year`s first half sales of $191.1 million.

While it won’t break out details, J. C. Penney Co. Inc. today reported that Internet sales increased by more than 60% for both July and the quarter just ended. By comparison, companywide sales were up 3.4% for the month, comparable department store sales were up 3.7% and comparable drugstore sales were flat. For the quarter, companywide sales were up 1.6%, comparable department store sales were up 2.1% and comparable drugstore sales were down 0.8%.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Kevon Hills / E-Commerce

Back To School offers a testing ground for the holidays

Shoppers heading back to school aren't so unlike shoppers that will be looking for gifts ...

FPO

Jock Purtle / E-Commerce

What is your e-commerce business worth?

The founder of a merger and acquisitions consulting firm examines how e-retailers can know the ...

Advertisement