May 6, 2010, 5:13 PM

The web easily outpaced store sales for Jo-Ann in Q1

Web sales easily outpaced store sales for Jo-Ann Stores Inc. in the first quarter.

Web sales easily outpaced store sales for Jo-Ann Stores Inc. in the first quarter.

For the quarter ended May 1, Jo-Ann, No. 263 in the Internet Retailer Top 500 Guide, recorded:

  • An increase in e-commerce revenue of 8.4% to $10.3 million from $9.5 million in the first quarter of 2009.
  • Total sales grew year over year 4.4% to $480.3 million from $460.0 million.
  • Comparable-store sales increased 4.1%.
  • The company didn’t report net income. Jo-Ann breaks out full first quarter numbers on May 26.

Based on Internet Retailer calculations, the web accounted for 2.1% of total sales in the first quarter, the same as the prior year.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Bryan Gudmundson / E-Commerce

Which incentives are best at saving the sale?

It’s not necessarily the most valuable incentive that converts the best, a case study shows. ...

FPO

Heather Smith / E-Commerce

Taking advantage of the sharper marketing tools from Pinterest

Pinterest’s revamped private messaging system gives retailers more options for directly connecting with influential and ...

Advertisement