American Apparel Announces Preliminary March Comp Store Sales up 21%
American Apparel, Inc. (NYSE: APP) announced preliminary sales for the month and quarter ended March 31, 2012. The Company reported that for the month ended March 31, 2012, total net sales increased 15% to $49.0 million when compared to the month ended March 31, 2011.
Between the same periods, comparable store sales on a preliminary basis increased an estimated 21% and wholesale net sales increased an estimated 10%. For the quarter ended March 31, 2012, total net sales increased an estimated 14% to $132.7 million, comparable store sales increased an estimated 15% and wholesale net sales increased an estimated 17%.
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