logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Facebook Inc. (FB), Wednesday reported a jump in profit for the second quarter, as the social networking giant's bottom line continues to be driven by soaring ad revenues. Both earnings and revenues trumped Wall Street expectations, sending shares up by 6 percent in the extended hours. Menlo Park,... Boeing Co.(BA) reported a loss for the second-quarter 2016 compared to profit in the prior year, reflecting 787 cost reclassification and charges on the 747 program and the KC-46 Tanker program, partially offset by solid execution and higher volume. It cut its profit outlook for fiscal year 2016, while it reaffirmed annual revenue guidance. Automaker Fiat Chrysler Automobiles NV on Wednesday reported a 25 percent increase in profit for the second quarter from last year. However, quarterly net revenues and worldwide shipments declined from last year.
comments powered by Disqus
Follow RTT