E-commerce sales grew 56% in 2011.
Mark Brohan , Research Director
E-commerce sales grew briskly for apparel manufacturer and retailer The Jones Group Inc. in 2011. The web now also accounts for a bigger portion of the company’s revenue.
For the year ended Dec. 31, Jones, No. 204 in the Internet Retailer Top 500, reported:
“We are committed to driving profitability and continue to operate efficiently, control costs and execute at a high level,” says CEO Wesley Card. “At the same time, we are concentrating our efforts on the areas we believe offer the greatest opportunity for revenue growth—upscale and contemporary brands, international and our traditional core brands.”
Jones, which owns and operates NineWest.com, EasySpirit.com and other web stores, didn’t break out quarterly e-commerce revenue, but for the final quarter did report:
“Fourth quarter revenues were lower than expected due to the highly promotional retail environment and a slowdown in replenishment orders,” Card says.