12/21/12

Web sales increase 7% in 2012 for Coastal Contacts

But a profit eludes the e-retailer.

Kevin Woodward , Senior Editor

Contact lens and eyewear e-retailer Coastal Contacts Inc. ends its fiscal 2012 with mixed results.

For the fiscal 2012 year ended Oct. 31, Coastal Contacts, No. 110 in the Internet Retailer Top 500, reported:

Coastal Contacts cited the sales growth in eyeglasses, which it started selling in 2009, as a highlight of the year. The company shipped about 1 million pairs of eyeglasses in 2012, which included a 100% year-over-year increase in shipments to U.S. consumers in the fourth quarter. “We believe the eyeglasses category holds significant potential for both rapid growth and earnings expansion as markets develop,” Coastal Contacts says.

For the fourth quarter:

Topics:

2012 annual results, Coastal Contacts, Contact lens, e - commerce, eyeglasses, Eyewear, financials, opticians, Profit, quarterly results, Sales, Top 500, web sales

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