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Marginal fall in Oct sales at American Apparel
08
Nov '13
American Apparel, Inc., a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced preliminary sales for the month of October 2013. On a preliminary basis, total net sales were $59.5 million, an increase of 1% over prior year.

Comparable sales decreased 1%, including a 3% decrease in comparable store sales in the retail store channel and a 12% increase in net sales in the online channel. Wholesale net sales increased 8% for the month.

Dov Charney, Chairman and CEO, commented, "Although disappointed with the negative comparable performance of our retail stores in October, we are encouraged by the strength in our online and wholesale businesses, which grew sales 12% and 8%, respectively. As October came to a close, we began to feel some encouraging incremental sales momentum in some markets.

"We are beginning to breathe a sigh of relief that we are overcoming some of the challenges we were experiencing at our new distribution center and we are pleased that our stores and customers are now being shipped product in a timely fashion. While we are aware of a weaker consumer spending environment that has impacted traffic levels across the retail sector, our retail team is working around the clock to produce results for shareholders for the Christmas season."

About American Apparel

American Apparel is a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel based in downtown Los Angeles, California. As of November 1, 2013, American Apparel had approximately 10,000 employees and operated 246 retail stores in 20 countries.

American Apparel

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