The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 1000 Database. JCPenney managed to reduce losses from a year ago, even as net sales fell 8.0% in its most recent quarter. Meanwhile, Scholastic sounded upbeat on digital opportunities, yet still recorded a 3.2% decrease year over year in revenue. Read more ecommerce earnings coverage here.
Parentheses indicate the merchant’s ranking in the Top 1000, unless otherwise stated. The database ranks North America’s largest ecommerce retailers by their annual web sales.
This week’s ecommerce earnings takeaways
- JCPenney net sales fell 8.0% year over year, despite a 25% increase in rewards program signups over the same period.
- Scholastic added new content to digital platforms as it blamed timing-related factors for a 3.2% year-over-year drop in revenue.
JCPenney (No. 38)
Q3 2024: Penney Intermediate Holdings LLC reported that net sales declined 8.0% year over year to $1.4 billion in its third fiscal quarter ended Nov. 2. JCPenney saw its net loss shrink by 43.3% from a year earlier to $17 million. In the meantime, the retailer’s report for the quarter showed that rewards program signups increased 25% year over year.
JCPenney hopes to see its “Really Big Deal” promotions launched in September for Thursday Night Football result in 2 million new customers, thanks to partnerships with celebrities including Shaquille O’Neal, Gabrielle Union, Walker Hays, Martha Stewart…
