Home / Knowledge / News / Apparel/Garments / Marginal comparable Nov sales rise at American Apparel
Marginal comparable Nov sales rise at American Apparel
07
Dec '13
American Apparel, Inc., a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced preliminary sales for the month of November 2013. On a preliminary basis, total net sales were $49.2 million, a decrease of 1% over the prior year.

Comparable sales increased 1%, including a 1% increase in comparable store sales in the retail store channel and a 4% increase in net sales in the online channel. Wholesale net sales decreased 4% for the month.

Dov Charney, Chairman and CEO, commented, "We are encouraged by the momentum in comparable store sales particularly at the end of the month, as we increased the efficiency and effectiveness of our La Mirada distribution center and made improvements in our in-stock store inventories.

"Our new distribution center is fully operational and we have made significant progress in reducing the operating cost of the center. Additionally, as we are able to adjust our focus back to our core competencies surrounding assortment and production planning and product development, we expect to see a corresponding increase in sales in our stores.

"We saw meaningful sales strength in both our stores and online business on Black Friday and the weekend following Thanksgiving. We were also very encouraged by positive online sales growth on Cyber Monday.

"However, given the shifts in timing of the Thanksgiving holiday, Cyber Monday sales in 2013 will not be recognized until December versus November last year. Finally the modest decline in wholesale net sales is a result of the comparison to an extraordinary sales increase last year, as last November we shipped a significant stocking order from a major new customer. Additionally, we had one extra shipping day for our wholesale business last November.

"Following the ongoing success of American Apparel in Europe, we are expanding our footprint and have just opened a shop-in-shop inside De Bijenkorf, a high-end department store on Dam Square, the main town square in Amsterdam. In addition, three new stores are planned to open this holiday season in Lyon, France; Centro Oberhausen in Oberhausen, Germany; and Westfield Stratford City in Stratford, London."

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 December 1, 2013, American Apparel had approximately 10,000 employees and operated 246 retail stores in 20 countries.

American Apparel

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

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

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:
May 2017

May 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