Internet sales at apparel retailer Blair Corp. reached $48.6 million in the first six months of this year, up 6.5% from $45.6 million in the first six months of 2004, the company reports. Companywide sales were down 11.9% to $228.4 million from $255.6 million in the first six months of last year. The decline in total sales was primarily due to the closing of Blair’s Crossing Pointe brand in March, the company says.
Net income for the first six months was $6.7 million compared to $5.6 million a year earlier, reports Blair, the 79th largest online retailer as ranked in the Internet Retailer Top 400 Guide to Retail Web Sites.
Companywide sales for the second quarter were $120.8 million compared to $127 million in the second quarter 2004. Blair did not break out quarterly web sales. Net income in the quarter was $6.1 million compared to $5 million a year earlier.
“Net income results for the quarter reflect Blair's continued focus on its core business opportunities and profitability. These initiatives are key elements of Blair's strategic plan to eliminate unprofitable sales and enhance shareholder value,” the company said in releasing its earnings report.
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