American Apparel Inc. (APP), a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, reported preliminary sales for May 2013. On a preliminary basis, total monthly net sales advanced by 13% year-over-year to $55.6 million, with comparable sales rising 10%, that included a 7% increase in comparable store sales in the retail store channel and a 37% growth in net sales in the online channel. During the latest month, wholesale net sales went up 22% on a year-over-year basis.
The company said recent strong trends in the imprintable wholesale business lead it to anticipate a double digit growth rate in that channel again in June. According to American Apparel's Chairman and Chief Executive, "With the higher sales volume across all three channels, we believe we are well positioned to generate a meaningful increase in the fixed cost leverage across the business."
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