American Apparel’s January Up 14 Percent
Los Angeles–based vertical retailer American Apparel reported a 14 percent increase in preliminary net sales for January to $41.4 million.
Comparable-store sales overall rose by 11 percent in January, and the company’s online sales rose 39 percent. American Apparel’s wholesale division saw net sales increase 21 percent. ”I am very encouraged by the sales performance of the company,” said Dov Charney, chairman and chief executive officer. “Since September 2011, we have had positive retail same-store sales, and for the months of November, December and January, our imprintable-wholesale-sales levels have been running at record levels beyond the previous highs set for those months in 2008. Higher sales running through our three sales channels—retail, online and imprintable wholesale—allow for us to improve operational efficiencies at the factory, as well as leverage corporate costs, thereby improving prospects for our long-term profitability.”
American Apparel operates 249 retail stores in 20 countries. The company employs approximately 10,000 people through its wholesale and retail operations.—A.A.N
