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.
Textiles | On 29th Apr 2017
The textile sector could have a uniform Goods and Services Tax (GST)...
Textiles | On 30th Apr 2017
Indian Government is working to revamp the technology mission on...
Apparel/Garments | On 30th Apr 2017
Columbia Sportswear Company has announced record net sales of $543.8...
Vidhyaa Shankar. S
A Ganapathi Chettiar
'The usage of knits is getting into the boundaries of woven fabrics'
‘The share of kidswear segment in the online sector is still small in...
‘France had a reputation of being big in new ideas, but poor in marketing...
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...
Coating at a fibre level is a practice not usually seen in the...
About one in every 20 patients picks up an infection while hospitalised....
Apparel/Garments | On 28th Apr 2017