American Apparel Inc. Announces Comparable Sales for March 2013 Increased 8%
American Apparel Inc., a vertically integrated manufacturer, distributor and retailer of branded fashion basic apparel, announced preliminary sales for the month ended March 31, 2013, and reported that comparable sales increased 8 percent, including a 5 percent increase in comparable store sales for its retail store channel and a 26 percent increase in net sales for its online channel. Wholesale net sales decreased 7 percent for the month of March primarily due to one less shipping day in March 2013 than in March 2012. On a preliminary basis, total net sales for March 2013 were $50.3 million, an increase of 2 percent over the prior year period. For the quarter-ended March 31, 2013, total net sales increased 5% to $138.8 million, with an 8 percent increase in comparable store sales and a 2 percent increase in wholesale net sales.
- Companies:
- American Apparel
- People:
- Dov Charney