Blair’s web sales grow 10% in nine months while total sales fall 13%
Web sales at Blair Corp. grew 10% during the first nine months of the year, reaching $66 million from $60.3 million during the first nine months of last year, the company reports. Total sales for the first nine months fell 12.7% to $362.7 million from $415.5 million a year earlier. Online sales accounted for 18% of all sales in this year’s first nine months vs. 14.5% a year ago.
The company earned $8.5 million in the first nine months of this year compared to $5.4 million a year ago. "Blair achieved an increase in profitability by continuing to focus on improving gross margins and lowering overall operating costs. These ongoing efforts, combined with remaining steadfast in our dedication to our core customers, are vital elements of our long-term plan to increase profitability," said Bryan J. Flanagan, senior vice president and CFO.
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