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

Will Devlin / E-Commerce

Three simple steps to reducing shopping cart abandonment

Payment options, a shopping cart that holds a customer’s items while she ponders the purchase ...

FPO

Adrien Henni / E-Commerce

eBay and Russian Post accelerate cross-border deliveriies

EBay and Russian Post have signed a memorandum of cooperation aimed at reducing the time ...

Advertisement