Online retailing is the only area showing significant growth at The Spiegel Group, J. Crew Group Inc. and J.C. Penney Co. Inc. Here are the latest reports from those three:
Spiegel
Sales at Spiegel continue their slide while online sales remain strong. Total sales fell 17% in November to $255.2 million vs. November of last year. Spiegel’s Internet sales grew 15% for the month.
Year-to-date total sales are 8% below last year, $2.334 billion vs. $2.524 billion.
J. Crew
Year-to-date Internet sales at J. Crew Group have grown 22% to $94.5 million from $77.4 million last year, the company reported today. Total sales at J. Crew are up slightly to $311.2 million from $309.1 million. The Internet now accounts for 30% of J. Crew sales vs. 25% a year ago.
For November, J. Crew Internet sales grew 16.5% to $16.2 million from $13.9. Total sales were $38.5 million vs. $40.4 million a year ago. Comparable store sales declined 24.8% in November vs. last year and 15.4% for the year. J. Crew’s catalog sales fell 15.6% year to date to $107.7 million.
Penney
Internet sales at J.C. Penney have grown 16.5% so far this year over last, to $240 million from $206 million, the company reported today. Department store sales are up 0.9% while Eckerd drugstore sales are up 6.2%.
November web sales were up 30% to $39 million from $30 million. Department store sales in November were down 0.5% while drugstore sales were up 6.2%.
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