2/03/11

Jo-Ann Stores sews up a 17.4% web sales increase

The multichannel fabric and crafts retailer saw web and total sales rise in 2010.

Bill Briggs , Senior Editor

Jo-Ann Stores Inc. had a good year online.

For the fiscal year ended Jan. 29, Jo-Ann reported:

Internet Retailer estimates the web accounted for 2.1% of total sales in 2010, compared with 1.9% in 2009.

Jo-Ann Stores operates JoAnn.com, No. 263 in the Internet Retailer Top 500 Guide.

The company says it will announce full-year and Q4 earnings March 9.

For the fourth quarter, Jo-Ann reported:

Internet Retailer estimates the web accounted for 2.5% of total sales in Q4 of 2010, compared with 2.0% in the prior year quarter.

Jo-Ann operates 751 stores in 48 states.

Topics:

2010 financials, 2010 web sales, Jo-Ann Stores, Jo-Ann Stores Q4 web sales, Jo-Ann Stores web sales, Joann.com, Q4 earnings

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