logo
Plus   Neg
Share
Email

American Apparel Reports 13 Percent Rise In February Net Sales - Quick Facts

Retailer of branded fashion basic apparel, American Apparel Inc (APP) Monday reported a 13 percent increase in total net sales for February 2012 at $42.1 million compared to the same month last year.

The company stated that comparable store sales for the month increased 10 percent and wholesale net sales increased by 24 percent over the same period last year.

Dov Charney, Chairman and CEO of the company commented :. "Our comparable store sales increase was driven by a combination of higher unit sales and an increase in average unit retail prices. Our imprintable wholesale sales continue to run at record levels across a broad base of customers and categories….."

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In a move likely to escalate the trade dispute between the U.S. and China, President Donald Trump has threatened to impose new tariffs on $200 billion worth of Chinese goods. Trump said in a statement Monday evening he has directed U.S. Trade Representative Robert Lighthizer to identify $200 billion... UBS Group AG Chief Executive Officer Sergio Ermotti said blockchain technology is almost a must for business. In an interview with CNBC, the head of the Swiss banking giant said he believes the technology is definitely an opportunity in the long term. According to him, the technology will help companies free up resources, and blockchain in particular is a great way to increase those efficiencies. In the age of social media, it takes mere hours for a company to suffer the backlash of of allegations of racism. For some companies, these incidents have hurt their bottom line and sullied their reputations. For others, they were a blip caused by clumsy if not altogether coincidental missteps. In...
Follow RTT