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American Apparel Inc., a vertically integrated manufacturer, distributor and retailer of branded fashion basic apparel, announced its financial results for the first quarter of 2009.
The company reported net sales for the quarter ended March 31, 2009 of $114.3 million, a 2.4 percent increase over net sales of $111.6 million for the quarter ended March 31, 2008. Total retail sales increased 16.5 percent to $78.0 million for the first quarter of 2009 as compared to $67.0 million for the same period in 2008, with comparable store sales for stores open at least 12 months declining 7 percent.
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