American Apparel’s Comparable Store Sales grow by 24 percentThursday, 30 August 2012
American Apparel for the four weeks period ended August 28,
2012 announced its comparable store sales to have grown by 24 percent. This grown included a 24 percent increase in comparable store sales for its retail store channel and a 19 percent increase in net sales for its online channel.
"August will represent our 15th consecutive month of positive comparable sales, and will be the largest sales increase reported in nearly four years," said Dov Charney, Chairman and Chief Executive of 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 July 31, 2012 American Apparel operated 251 retail stores in 20 countries, including the United States, Canada, Mexico, Brazil, United Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, Switzerland, Australia, Japan, South Korea and China. American Apparel also operates a global e-commerce site that serves over 60 countries worldwide. In addition, American Apparel also operates a leading wholesale business that supplies high quality T-shirts and other casual wear to distributors and screen printers.