Talbots reports strong combined 2006 web sales
The Talbots Inc., which acquired The J. Jill Group in May, is reporting combined 2006 web sales for both brands of $190.7 million. Separately, Talbots, No. 88 in the Internet Retailer Top 500 Guide, had web sales of $105.7 million in 2005, while J. Jill, No. 104 in the Internet Retailer Top 500 Guide, posted 2005 e-commerce revenue of $81.9 million.
Total consolidated company sales were $2.2 billion for the 53-week period. By brand, retail store sales increased to $1.6 billion for Talbots compared to $1.5 billion in 2005, and were $242 million for J. Jill from the date of acquisition, Talbots says. Consolidated direct marketing sales for 2006, including catalog and Internet, were $385 million.
Overall the web accounted for 6% of total sales in 2006. "2006 represented a successful year of transition as we focused on integrating J. Jill,” says Talbots president and CEO Arnold B. Zetcher. “We believe we are well-positioned to maximize the long-term synergies of the two brands, enabling us to capture the growth potential of this advantageous market."
On average Talbots.com received 1.6 million monthly visits in 2006, while J. Jill had 2006 average monthly visits of 1.4 million, the company says. Talbots acquired J. Jill in a deal valued at about $517 million.
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