The Top 500 apparel chain plans to expand its reserve online, pick up in store program, as well as its presence in China.
The web grows faster than stores for Jo-Ann in Q2
In Q2 web sales grew 16%, while total sales increased by 4.7%.
Jo-Ann Stores Inc. had a pretty good second quarter for its online channel.
In a release of preliminary numbers for the second quarter ended July 31, Jo-Ann, No. 263 in the Internet Retailer Top 500 Guide, reported that web sales increased 16% to $8.7 million from $7.5 million in the second quarter of 2009.
Total sales, meanwhile, grew year over year 4.7% to $439.3 million from $419.4 million.
Same-store sales increased 4.4%.
The company didn’t release net income figures in its preliminary Q2 numbers. Internet Retailer calculates the web accounted for 2% of total sales compared with 1.8% in the prior year.
Jo-Ann, which will release its full earnings for the second quarter on Aug. 25, also reported that total sales for the first two quarters increased 4.6% to $919.6 million from $879.4 million.
Same-store sales increased 4.2%.
Jo-Ann didn’t release net income figures or web sales for the first two quarters.