November 18, 2011, 4:59 PM

Web sales hit a hot streak for Ann

Q3 e-commerce revenue grew year over year 33%.

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Store sales grew for women’s apparel retailer Ann Inc. in the third quarter, but the channel that delivered the biggest gain in revenue was e-commerce.

For the quarter ended Oct. 29, Ann, No. 95 in the Internet Retailer Top 500, reported

  • Total web sales increased 32.7% to $67.4 million from $50.8 million in the third quarter of 2010.
  • E-commerce sales for the Ann Taylor brand grew year-over-year 43.6% to $34.6 million from $24.1 million.
  • E-commerce sales for the Loft brand grew year-over-year 22.8% to $32.8 million from $26.7 million.
  • Total sales increased 11.6% to $564.0 million from $505.2 million in the third quarter of 2010.
  • Comparable-store sales increased 5.5%.
  • Net income rose year-over-year 33.5% to $32.3 million from $24.2 million.

Internet Retailer calculates the web accounted for 12.0% of total sales compared with 10.1% in the third quarter of 2010. “The Ann Taylor brand delivered solid performance, reflecting outstanding results in the e-commerce channel, solid performance in the factory channel and softer-than-expected sales in the stores channel,” says CEO Kay Krill.

For the first three quarters:

  • Total web sales increased 33.0% to $171.6 million from $129.0 million in the first three quarters of 2010.
  • E-commerce sales for the Ann Taylor brand grew year-over-year 38.9% to $86.7 million from $62.4 million.
  • E-commerce sales for the Loft brand grew year-over-year 27.5% to $84.9 million from $66.6 million.
  • Total sales increased 6.7% to $1.60 billion from $1.50 million in the first three quarters of 2010.
  • Net income rose year-over-year 29.1% to $84.4 million from $65.4 million.

Internet Retailer calculates the web accounted for 10.7% of total sales compared with 8.6% in the first three quarters of 2010.

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