Trade Resources Industry Views Comparable Store Sales for September 2013 Decreased 6%

Comparable Store Sales for September 2013 Decreased 6%

American Apparel, Inc., a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced preliminary sales for the month ended September 30, 2013. Total net sales for September 2013 were $49.9 million, a decrease of 2% over September 2012.

Comparable store sales for September 2013 decreased 6%, including an 8% decrease in comparable store sales in the retail store channel and an 8% increase in net sales in the online channel.

Wholesale net sales increased 12% for the month as compared to September 2012. For the quarter ended September 30, 2013, total net sales increased 1% to $164.1 million, with a 2% increase in comparable sales and a 3% increase in wholesale net sales.

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 September 30, 2013, American Apparel had approximately 10,000 employees and operated 247 retail stores in 20 countries.

Source: http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=153737
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American Apparel Sept Comparable Store Sales Fall 6%