2/09/11

E-commerce sales rise 40% for Jones in 2010

The web now accounts for 2% of total revenue.

Mark Brohan , Research Director

The Jones Group Inc., which owns and operates brands such as Nine West, Anne Klein, Gloria Vanderbilt and others, has capped off another good year of growth online.

For the year ended Dec. 31, Jones, No. 219 in the Internet Retailer Top 500 Guide reported:

“While the fourth quarter had its challenges, we had solid sales growth in our core brands and performed well against a challenging retail landscape,” says CEO Wesley Card.

Jones doesn’t break out quarterly web sales, but for the fourth quarter reported:

 “We are confident that our brands will achieve growth throughout 2011, and will support the bottom line through selective price increases, logistics enhancements and the maintenance of a lean operating structure," says Card.

Topics:

annual e-commerce sales, Jones Group, Nine West, Top 500, Wesley Card

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