J. Crew, Sharper Image Lastest to Report September Sales Decline

Stamford, CT—Apparel cataloger/retailer J. Crew says that revenue for the five weeks ended Oct. 6 was $66.1 million, down 8% from $72.1 million for fiscal September of last year. Catalog sales for the New York-based company declined 24%, to $10.1 million from $13.3 million last year. Web sales rose nearly 10%, to $10.2 million from $9.3 million. Comparable store sales declined 18%.

If sales trends continue through October, J. Crew expects third-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) to be about $15 million, or 32% below the $22 million it reported last year.

High-tech gadgets cataloger/retailer Sharper Image Corp. reported a dramatic 30% tumble in September sales, to $21.4 million from last September’s $30.3 million. Catalog sales decreased 2%, to $6.6 million from $6.8 million, but Web sales dropped 29%, to $3.0 million from $4.2 million. Total store sales for the San Francisco-based company decreased 39%, to $11.7 million from $19.3 million; comparable store sales decreased 45%.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.