Online sales accounted for more than 14% of the retailer’s total sales.
Specialty apparel retailer Express Inc. today reported that its web sales soared more than 29% in the third quarter and more than 34% in the first three quarters of 2013.
For the third quarter ended Nov. 2, Express, No. 97 in the Internet Retailer 2013 Top 500 Guide, reported:
For the first three quarters of 2013, Express reported:
While the retailer’s holidays sales have surpassed last year’s results to date, they have failed to meet expectations, says Michael Weiss, Express chairman and CEO.
“We had been planning for a promotional holiday season, but we now expect the intensity of those promotions to reach heightened levels and we are updating our full-year guidance accordingly,” he says. As a result, Express says it expects “low single-digit” growth in comparable-store sales, which include e-commerce, in the fourth quarter.