July 25, 2003, 12:00 AM

J. Jill web-sales growth slips; eBags reports full-year profits

Web sales at apparel retailer The J. Jill Group Inc. grew 10.6% in the second quarter from Q2 2002, the company reported today. The growth represents a slowdown from Q1, when sales were 26% ahead of Q1 2002. EBags reported its first full-year profits.

Web sales at apparel retailer The J. Jill Group Inc. grew 10.6% in the second quarter from Q2 2002, reaching $18.28 million, the company reported today. The growth represents a slowdown from Q1, when sales were 26% ahead of Q1 2002. For the first half, web sales were up 17.8% over the first half of last year, hitting $35.57 million.

Total sales in the quarter were up 12.7% from Q2 last year, at $97.36 million. First half total sales grew 12.6% to $179.7 million.

Web sales accounted for 18.8% of all sales in Q2 vs. 19.1% a year ago. In the first half, web sales accounted for 19.8% of all sales vs. 18.9% a year ago.

Catalog sales in the first half declined 9.1% to $69.96 million while store sales were up a hefty 40.7%. However, retail sales per square foot were down 6% in Q2.

Net income for the quarter was $6.1 million vs. $6.4 million in the second quarter of the previous year. Net income for the six months was $6.9 million vs. $9.1 million in the previous year.

J. Jill also announced that starting next week, it will integrate its e-commerce/catalog operation with its retail division to achieve efficiencies and better coordinate marketing.

This week, online bag and luggage retailer eBags.com announced its first profitable year. EBags, which is not a public company so does not reveal details about its finances, reported that orders were up 52% for the fiscal year vs. the prior year and up 67% for its fourth quarter vs. Q4 a year ago. EBags reported that luggage, business cases, backpacks, and urban gear experienced the largest sales gains.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Jason Miller / E-Commerce

Six steps to take to make your site ready for the holidays

Images, tags and mobile performance are among the key areas to focus on in the ...

FPO

Anna Buchalova / E-Commerce

Four e-commerce metrics that can help increase ROI

Many e-retailers focus on conversion rate, but here are four less-obvious ways to analyze your ...

Advertisement