November 20, 2003, 12:00 AM

Coldwater Creek’s web sales slip

Web-based sales at Coldwater Creek Inc. slipped 0.7% in the third quarter to $39.1 million from $39.4 million in Q3 2002, the company reports.

Web-based sales at Coldwater Creek Inc. slipped 0.7% in the third quarter to $39.1 million from $39.4 million in Q3 2002, the company reports. Total sales reached $138.1 million, up 7.2% from $128.8 million a year ago. Web sales accounted for 28.3% of sales in the quarter, down from 20.6% in Q3 2002.

For the first nine months, web-based sales decreased 4.8% to $98.6 million from $103.6 million in the first nine months of 2002. Total sales in the nine months reached $350 million, up 6.9% from $327.2 million a year earlier. Web sales in the nine months represented 28.2% of all sales vs. 31.7% a year ago.

For both the third quarter and the nine moths, catalog sales declined significantly. Catalog sales fell 14.3% in the quarter to $44.7 million and 8% in the nine months to $123.1 million.

Sales at Coldwater Creek’s full-line retail stores, resort stores and outlet stores, increased 45.9% to $54.3 million in Q3 and represented 39.3% of total vs. 28.9% in Q3 2002. Store sales for the first nine months increased 43% to $128.2 million and represented 36.6% of total sales.

Net income for the quarter rose 16% to $5.6 million, while for the nine months, it increased 48.2% to $2 million.

The company operated 63 full-line retail stores at the end of the third quarter, compared with 38 at the end of Q3 2002

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Patrick Smarzynski / E-Commerce

What the changes at eBay mean for sellers

The online marketplace introduced new rules for sellers last month. It’s crucial that sellers understand ...

FPO

Mark Feinstein / E-Commerce

A quick guide to global e-commerce opportunities

Consumers in many countries are buying more online each year. Understanding the nuances of each ...

Advertisement