American Apparel (APP) Prelim. November Comps Up 12%

November 29, 2012 6:11 AM EST
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American Apparel, Inc. (AMEX: APP) announced preliminary comparable sales for the period November 1, 2012 through November 26, 2012, and reported that comparable store sales increased 12%, including an 8% increase in comparable store sales for its retail store channel and a 39% increase in net sales for its online channel.

"November represents our 18th consecutive month of positive comparable sales,” said Dov Charney, Chairman and Chief Executive of American Apparel, Inc. “This very solid performance was achieved in all our businesses: retail, wholesale, and online with sales growth across almost all major markets and product categories. Black Friday was particularly strong and we more than doubled our Cyber Monday volume when compared to last year. We also saw further improvement in store productivity as we achieved record sales in terms of average sales per store in November. We think this reflects positively on our expectation that we will continue to increase comparable store sales next year, paving the way for additional profitability gains.”

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