American Apparel's Wholesale Net Sales Jumped 22 Percent in May
American Apparel Inc., a Los Angeles-based vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced preliminary sales for the month ended May 31, 2013. On a preliminary basis, total net sales for May 2013 were $55.6 million, an increase of 13 percent over the prior year period. Comparable sales increased 10 percent, which included a 7 percent increase in comparable store sales in the retail store channel and a 37 percent increase in net sales in the online channel. Wholesale net sales increased 22 percent for the month of May on a year-over-year basis.
"May represents our 24th consecutive month of positive comparable store sales growth," said Dov Charney, chairman and chief executive of American Apparel Inc. "We were pleased with the 37 percent increase in our online sales this month and our wholesale channel reported the highest sales month in its history. Recent strong trends in the imprintable wholesale business lead us to anticipate a double digit growth rate in that channel again in June. Additionally, we are very pleased with the 7 percent comparable sales growth in our retail channel, particularly given the 16 percent increase we achieved last May. With the higher sales volume across all three channels, we believe we are well positioned to generate a meaningful increase in the fixed cost leverage across the business."
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