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American Apparel, Inc. Announces Comparable Sales For June 2013 Increased 7%

American Apparel, Inc. (NYSE MKT:APP), a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced preliminary sales for the month ended June 30, 2013. On a preliminary basis, total net sales for June 2013 were $55.9 million, an increase of 7% over June 2012. Comparable sales for June 2013 increased 7%, including a 5% increase in comparable store sales in the retail store channel and a 22% increase in net sales in the online channel. Wholesale net sales increased 16% for the month. For the quarter ended June 30, 2013, total net sales increased 9% to $162.2 million, with a 7% increase in comparable sales and a 16% increase in wholesale net sales.

The following delineates the components of the increases (decreases) for the months and quarters indicated:

        2013       Q2

 

   

YTD

  January     February     March     April     May     June (1) 2013 (1)     2012 2013 (1)     2012
Sales Growth                                                
Comparable Store Sales                                                
Stores 7%     3%     5%     4%     7%     5% 5%     14% 5%     14%
Online 23%     24%     24%     (1)%     38%     22% 19%     28% 21%     25%
Total 10%     5%     8%     3%     10%     7% 7%     16% 7%    

16%

Wholesale Net Sales 13%     2%     (11)%     5%     27%     16% 16%     10% 9%     13%
Total Net Sales 11%     1%     1%     3%     16%     7% 9%     13% 6%     13%
                           

(1) Preliminary, subject to adjustment.

“June represents our 25th consecutive month of positive comparable store sales growth,” said Dov Charney, Chairman and Chief Executive of American Apparel, Inc. “I am excited with the 7% increase in comparable store sales in June, particularly since it is on top of the 19% increase achieved in June 2012. Likewise, the 16% increase in wholesale net sales is on top of a 7% increase achieved for the month ended June 30, 2012. Sales growth was across a broad range of product categories and demonstrates the strength of our summer product offering. Thus far, July sales are solidly positive in our retail and online channels, and we expect a meaningful increase in our wholesale net sales this month when compared to the prior year.”

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