American Apparel Inc. Announces Comparable Sales for June 2013 Increased 7%
Los Angeles-based American Apparel Inc., a vertically integrated manufacturer, distributor and retailer of branded fashion basic apparel, announced preliminary sales for the month ended June 30, 2013. On a preliminary basis, total net sales for June 2013 were $55.9 million, an increase of 7 percent over June 2012. Comparable sales for June 2013 increased 7 percent, including a 5 percent increase in comparable store sales in the retail store channel and a 22 percent increase in net sales in the online channel. Wholesale net sales increased 16 percent for the month. For the quarter ended June 30, 2013, total net sales increased 9 percent to $162.2 million, with a 7 percent increase in comparable sales and a 16 percent increase in wholesale net sales.
"June represents our 25th consecutive month of positive comparable store sales growth," said Dov Charney, chairman and chief executive of American Apparel Inc. "I am excited with the 7 percent increase in comparable store sales in June, particularly since it is on top of the 19 percent increase achieved in June 2012. Likewise, the 16 percent increase in wholesale net sales is on top of a 7 percent increase achieved for the month ended June 30, 2012. Sales growth was across a broad range of product categories and demonstrates the strength of our summer product offering. Thus far, July sales are solidly positive in our retail and online channels, and we expect a meaningful increase in our wholesale net sales this month when compared to the prior year."
For more information, visit www.americanapparel.net.