American Apparel Inc. Announces Preliminary October Sales
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American Apparel Inc., a vertically integrated manufacturer, distributor and retailer of branded fashion basic apparel, announced preliminary sales for the month ended October 31, 2012 and reported that total net sales on a preliminary basis increased 5 percent to $59.1 million when compared to the month ended October 31, 2011. Between the same periods, comparable retail and online sales on a preliminary basis increased an estimated 5 percent and wholesale net sales increased an estimated 17 percent. The Company estimates retail stores suffered an approximate 5 percent reduction in comparable sales from store closures related to Hurricane Sandy.
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