American Apparel Shares Rise After Strong August
Shares of American Apparel Inc. rose last Thursday after the retailer said a key sales figure increased by 24 percent in August.
The Los Angeles-based company said the increase included a 24 percent boost from its retail stores and a 19 percent increase from its online store for the four-week period ended Aug. 28. The figure is a key metric because it strips out the impact of newly opened and closed locations.
CEO Dov Charney said the performance was driven by growth across almost all major market and product categories.