July 30, 2010, 4:40 PM

Web sales drop for Build-A-Bear in Q2

E-commerce sales for the second quarter declined 4%.

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So far it hasn’t been a very good year online for Build-A-Bear Workshop Inc.

For the second quarter ended July 3, Build-A-Bear, No. 493 in the Internet Retailer Top 500 Guide, reported:

  • Web sales declined 4.1% to $6.76 million from $7.05 million in the second quarter of 2009.
  • Total sales declined 10.5% to $74.1 million from $82.8 million in the second quarter of 2009.
  • Comparable-store sales decreased 10%
  • Net loss was $8.5 million compared with a net loss of $6 million in the prior year.

“Our second quarter sales declined from a year ago driven by a shift that moved Easter into our first quarter this year versus the second quarter last year and later school dismissals that adversely impacted our May results," says Build-A-Bear Workshop CEO Maxine Clark.

Internet Retailer calculates the web accounted for 9.1% of total sales, the same as the prior year.

For the first six months, Build-A-Bear also reported:

  • Web sales declined 3.3% to $13.63 million from $14.09 million.
  • Total sales declined 2.7% to $175.6 million from $180.5 million.
  • Net loss was $6.8 million compared with the same figure in the prior year.

Internet Retailer calculates the web accounted for 7.8% of total sales, the same as the prior year.

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