American Apparel Inc. Announces Net Sales for July 2013 Increased 5%
American Apparel Inc., Los Angeles, announced preliminary sales for the month ended July 31, 2013. On a preliminary basis, total net sales for July 2013 were $57.6 million, an increase of 5 percent over July 2012. Comparable sales for July 2013 increased 8 percent, including a 6 percent increase in comparable store sales in the retail store channel and a 23 percent increase in net sales in the online channel. Wholesale net sales increased 2 percent for the month.
"July represents our 26th consecutive month of positive comparable store sales growth," said Dov Charney, chairman and chief executive of American Apparel Inc. "The 8 percent comparable store sales increase in July is particularly noteworthy given that it was on top of a 19 percent increase in July last year, which demonstrates continued gains in our store productivity. As we enter August, we anticipate continued strength in our sales channels and we are looking forward to back-to-school, Halloween and holiday selling season."
The full release is available on American Apparel's website.