The U.S. online shopping world's biggest day is here, but will strong web sales on Black Friday and Thanksgiving cut into Cyber Monday's take?
Internet sales at J. Crew, retailer of men`s and women`s apparel, inched up 3.6% in August to $11 million from $10.6 million in August last year. Companywide sales during the month fell 6.5%.
Internet sales at J. Crew Group Inc., retailer of men`s and women`s apparel, inched up 3.6% in August to $11 million from $10.6 million in August last year, the company reported today. Companywide sales during the month fell 6.5% to $59.7 million from $63.6 million in August 2001. Comparable store sales for the month decreased 13.3%.
For the first 30 weeks of the year, web sales increased 18% to $67.4 million from $56.9 million a year ago. Companywide 30-week sales slipped 1.2% to $394.4 million from $399.3 million. Web sales now account for 17% of J. Crew’s sales vs. 14.2% a year ago. Comparable store sales were down 12.3%.
Catalog sales continued to slide, dropping 24.8% in August vs. August last year to $9.1 million from $12.1 million. For the year to date, catalog sales have fallen 18% to $54.8 million from $66.7 million.
J. Crew operates 147 retail stores, the J.Crew catalog business, jcrew.com, and 43 factory outlet stores.