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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,113.54 +61.81 0.36%
S&P 500 1,983.53 +9.90 0.50%
NASDAQ 4,456.0160 +31.3120 0.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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