American Apparel (AAP) July Comps Up 20%
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American Apparel, Inc. (AMEX: APP) said July comparable store sales on a preliminary basis increased an estimated 20% and wholesale net sales increased an estimated 7%.
Total net sales on a preliminary basis increased 14% to $53.8 million.
"We are pleased to announce very strong performance across our retail, wholesale, and online channels,” said Dov Charney, Chief Executive Officer. “Our stores are now posting double digit comparative store sales and more than ninety percent of our stores posted positive comparative results during the month of July. We are confident that our inventory and merchandising strategy is aligned to continue this trend into the back to school selling season.”
Total net sales on a preliminary basis increased 14% to $53.8 million.
"We are pleased to announce very strong performance across our retail, wholesale, and online channels,” said Dov Charney, Chief Executive Officer. “Our stores are now posting double digit comparative store sales and more than ninety percent of our stores posted positive comparative results during the month of July. We are confident that our inventory and merchandising strategy is aligned to continue this trend into the back to school selling season.”
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