8/20/12

E-commerce grows 22% for Ann Inc. in Q2

Year-to-date web sales are up 26% to $131.1 million.

It’s been a good spring and summer online for specialty women’s apparel retailer Ann Inc.

For the second quarter ended July 28, Ann, No. 92 in the 2012 Internet Retailer Top 500 reported:

• Total web sales increased 21.7% to $56.6 million from $46.5 million in the second quarter of 2011.
• E-commerce sales for the Ann Taylor brand grew year-over-year 28.8% to $29.1 million from $22.6 million.
• E-commerce sales for the Loft brand grew year-over-year 15.1% to $27.5 million from $23.9 million.
• Total sales increased 6.6% to $594.8 million from $558.2 million.
• Comparable-store sales increased 4.7%.
• Net income rose year-over-year 24.3% to $30.7 million from $24.7 million.

The web accounted for 9.5% of total sales compared with 8.3% in the second quarter of 2011.

For the first six months:

• Total web sales increased 20.6% to $125.7 million from $104.2 million in the first two quarters of 2011.
• E-commerce sales for the Ann Taylor brand grew year-over-year 18.4% to $61.7 million from $52.1million.
• E-commerce sales for the Loft brand grew year-over-year 22.8% to $64.0 million from $52.1 million.
• Total sales increased 7.4% to $1.16 billion from $1.08 billion in the first two quarters of 2011.
• Comparable-store sales increased 4.3%.
• Net income rose year-over-year 14.2% to $59.5 million from $52.1 million.

The web accounted for 10.8% of total sales compared with 9.6% in the first two quarters of 2011.