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.
"March represents our 22nd consecutive month of positive comparable store growth," said Dov Charney, chairman and chief executive of American Apparel Inc. "I'm excited by our sales results as well as our prospects for the second, third and fourth quarters of this year. Customer demand and our product assortment are strong as we continue to enhance the customer experience in our retail and online channels."
For more information, visit American Apparel's website.