American Apparel APP, a vertically integrated manufacturer,
distributor, and retailer of branded fashion basic apparel, announced
preliminary comparable sales for the period August 1, 2012 through August 28,
2012, and reported that comparable store sales increased 24%, including a 24%
increase in comparable store sales for its retail store channel and a 19%
increase in net sales for its online channel.
"August will represent our 15th consecutive month of positive comparable
sales, and will be the largest sales increase reported in nearly four years,”
said Dov Charney, Chairman and Chief Executive of American Apparel, Inc. “This
performance was companywide: double digit sales growth across almost all major
markets and product categories. However, there is still significant
low-hanging fruit for us to exploit in order to further improve store
productivity. Near term, we're focused on the implementation of tighter
inventory management systems through our RFID program, store renovations,
installation of traffic counters, and the completion of our new distribution
center to improve the speed and accuracy of shipments to stores. Each of these
programs will bring measurable improvements in overall store productivity.”
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in