Home / Knowledge / News / Apparel/Garments / American Apparel comparable sales rise 3% in Aug
American Apparel comparable sales rise 3% in Aug
05
Sep '13
American Apparel, a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced preliminary sales for the month ended August 31, 2013. On a preliminary basis, total net sales for August 2013 were $55.7 million, a decrease of 1% over August 2012. Comparable sales for August 2013 increased 3%, including a 2% increase in comparable store sales in the retail store channel and an 11% increase in net sales in the online channel. Wholesale net sales decreased 6% for the month.

August represents our 27th consecutive month of positive comparable store sales growth,” said Dov Charney, Chairman and Chief Executive of American Apparel, Inc. “The 3% comparable sales increase in August is particularly meaningful given that we faced a 25% increase in August last year. We also believe the decrease in estimated wholesale net sales was primarily a timing difference in the placement of month end customer orders and we expect a return to positive sales growth for the wholesale segment in September.”

According to John Luttrell, Chief Financial Officer of American Apparel, Inc., “As previously disclosed, we have had a difficult time cutting over to our new distribution center in La Mirada, CA, yet we have made major progress.

Among other things, we have substantially fixed integration issues with information systems, strengthened our training efforts, and made necessary personnel changes. We are beginning to see light at the end of this tunnel. That being said, in the event there are further integration issues or if there are systems related disruptions in the future, we will most likely incur additional unanticipated costs and reduced sales.”

Dov Charney concluded, ”Although we are disappointed with the lost sales and added costs from these problems, we believe as much today as ever before that once the transition is completed, the new center will improve efficiency for years to come and allow us to accelerate the growth of our retail, online and wholesale businesses.”

American Apparel

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Eric Scholler
Groz-Beckert

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search