The effective tax rate in the fourth quarter of 2009 was 41.2 percent.
Net income for the fourth quarter of 2009 was $3.0 million, or $0.04 per diluted share, compared to net income for the fourth quarter of 2008 of $3.9 million, or $0.05 per diluted share.
For the year ended December 31, 2009, American Apparel reported consolidated net sales of $558.8 million, a 2.5 percent increase over net sales of $545.1 million for the year ended December 31, 2008. Total net retail sales increased 11.2 percent to $379.4 million for 2009 as compared to $341.3 million for 2008. Comparable store sales for stores open more than 12 months decreased 10 percent for the year on a constant currency basis. Total wholesale net sales, excluding online consumer sales, decreased 13.6 percent to $142.1 million for 2009 compared to $164.4 million for 2008. Online consumer net sales decreased 5.2 percent to $37.3 million for 2009 versus $39.4 million for 2008.