This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

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.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,194.45 -19.97 -0.11%
S&P 500 2,112.64 +1.90 0.09%
NASDAQ 4,982.8530 -5.0370 -0.10%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs