12/05/12

Web sales account for more than 12% of Q3 sales at The Children’s Place

Comparable-store sales increase only 1% while e-commerce grows 12%.

Jon Love , Associate Editor, Research

The web continues to grow faster than store sales for The Children’s Place Retail Stores Inc.

For the third quarter ended Oct. 27, children’s apparel chain retailer The Children’s Place, No. 111 in the 2012 Internet Retailer Top 500 Guide, reported:

“We had strong sales results in our e-commerce and outlet channels, and continued positive momentum in our big kids business throughout the quarter," says CEO Jane Elfers.

For the first three quarters:

Net income decreased 23.4% to $40.6 million from $53.0 million.

Topics:

2012 financials, 2012 third quarter, apparel retailer, Children's Place, childrens place, e-commerce sales, Jane Elfers, Q3, q3 2012, Q3 earnings, q3 financ, Q3 web sales, third quarter, web sales

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