Los Angeles-based American Apparel, Inc. announced its financial results for the fourth quarter of 2008 and for the year ending December 31, 2008.
American Apparel reported net sales for the quarter ending December 31, 2008 of $145.6 million, a 31.0 percent increase over sales of $111.2 million for the quarter ending December 31, 2007. Total retail sales increased 52.7 percent to $98.0 million for the fourth quarter of 2008, as compared to $64.2 million for the same period in 2007, with comparable store sales for stores open at least 12 months rising 11 percent. American Apparel ended the quarter with 260 stores, having added 32 net new stores in the period. Total wholesale sales, excluding online consumer sales, were $36.3 million for the 2008 fourth quarter as compared to $37.3 million for the 2007 fourth quarter, a decrease of 2.8 percent. Online consumer sales increased 17.6 percent to $11.4 million in the fourth quarter of 2008, versus $9.7 million for the fourth quarter of 2007.
- Companies:
- American Apparel
- Places:
- Los Angeles