Fashionmall.com 2Q Revenue Down 30% From 2000

Share this content:
Fashionmall.com Inc. yesterday reported second-quarter revenue of $868,000, down 30 percent from $1.2 million in the same period last year.


Even though the poor sales environment hurt Fashionmall.com during the second quarter, which ended June 30, the company apparently is running a tighter ship than last year. The New York online retailer reported a net loss of $23,000 for the second quarter compared with $460,000 in the year-ago period. Operational losses for the quarter totaled $429,000, 61 percent less than the retailer's $1.095 million loss in second quarter 2000.


The decline in revenue mirrors the drop in sales stinging most Internet retailers during the slowing economy. A Forrester Research/Greenfield Online retail study released earlier this week found that total online spending had dropped to $3.2 billion in June from $3.9 billion in May. The number of households shopping online dropped to 13.1 million in June from 14.8 million in May, the report said.


Fashionmall.com owns beauty and lifestyle sites including boo.com, outletmall.com, styleexperts.com and fashionstyleshopper.com.


close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above