The two firms will become independent publicly traded companies in 2015. The move follows pressure from investor Carl Icahn to spin off the payments ...
Web sales at Sharper Image grew 44% in September while total sales grew 25%. Web sales at J.C. Penney grew 60%; at Pac-Sun, 86%.
Internet sales growth paced Sharper Image Corp.’s growth in September and the first eight months of this year, growing 44% for both periods over the year-earlier periods, the company reported today. Companywide sales grew 25% in September and 24% in the first eight months.
Internet sales in September reached $5.6 million from $3.9 million and accounted for 14.3% of total sales of $39.2 million vs. 12.5% of $31.2 million in September 2002. The company continues to shine in all channels with catalog sales up 24% and comparable store sales up 8%.
Internet sales for the first eight months reached $45.5 million from $31.6 million and accounted for 14.3% of total sales of $319.1 million vs. 12.3% of $257 million in the first eight months of 2002. Catalog sales in the first eight months were up 11% and comparable store sales up 15%.
Other retailers reported strong Internet sales growth as well, without reporting dollar volume. J.C. Penney Co. Inc. says its Internet sales in September were 60% higher than in September 2002. Comparable store sales were up 0.7%.
Internet sales at Pacific Sunwear of California Inc. were up 86% in September from a year ago while companywide sales were up 29%. Comparable store sales were up 18.5%.