November 2, 2010, 4:41 PM

Web sales grow 25% for Jones in Q3

The web outpaces total sales growth of 19.2% in the third quarter.

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Here are key results for the quarter ended Oct. 4 for Jones, No. 219 in the Internet Retailer Top 500 Guide:

  • Based on the percentage increase listed in the apparel manufacturer and retailer’s current quarterly earnings statement filed with the U.S. Securities and Exchange Commission, Internet Retailer calculates web sales increased 24.7% to about $12.1 million from $9.7 million in the third quarter of 2009.
  • Total sales increased 19.2% year over year to $1.02 billion from $856 million.
  • Retail sales grew 3% to $172 million from $167 million.
  • Wholesale footwear and accessories revenue increased 40.5% to $340 million from $242 million.
  • Comparable-store sales grew 1.5%.
  • Net income declined 4.6% to $29.2 million from $30.6 million in the third quarter of 2009.

“We achieved 19% sales growth against a strong comparable 2009 quarter,” says Jones CEO Wesley Card. “It is a testament to the power of our brand portfolio that sales increased across all of our wholesale divisions.”

Internet Retailer calculates the web accounted for about 1.2% of total sales compared with 1.1% in the prior year.

For the first three quarters:

  • Based on the percentage increase listed in the company’s current quarterly earnings statement filed with the U.S. Securities and Exchange Commission, Internet Retailer calculates web sales increased 40.2% to about $42.2 million from $30.1 million in the first three quarters of 2009.
  • Total sales increased 8% year over year to $2.7 billion from $2.5 billion.
  • Net income increased 114.5% to $94.4 million from $44 million in the first three quarters of 2009.

Internet Retailer calculates the web accounted for 1.6% of total sales compared with 1.2% in the prior year.

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