Home / Knowledge / News / Apparel/Garments / Q1 sales rise 14% at American Apparel
Q1 sales rise 14% at American Apparel
05
Apr '12
American Apparel Inc, a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced preliminary sales for the month and quarter ended March 31, 2012. The Company reported that for the month ended March 31, 2012, total net sales increased 15% to $49.0 million when compared to the month ended March 31, 2011.

Between the same periods, comparable store sales on a preliminary basis increased an estimated 21% and wholesale net sales increased an estimated 10%. For the quarter ended March 31, 2012, total net sales increased an estimated 14% to $132.7 million, comparable store sales increased an estimated 15% and wholesale net sales increased an estimated 17%.

"We are very pleased to report strong sales performance in March across all three distribution channels and these results substantially exceeded our expectations," stated Dov Charney, Chairman and CEO.

"Careful planning to our inventory commitments, merchandising strategy, and product assortment helped to drive our continued momentum. I would like to take this opportunity to reaffirm our guidance for EBITDA of $32 million to $40 million for 2012. As such, we believe we will be in a position to refinance elements of our higher cost capital structure and significantly reduce our interest expense by late 2012 or early 2013."

American Apparel is a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel based in downtown Los Angeles, California.

American Apparel Inc


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search