American Apparel (APP) Prelim. November Comps Up 12%
Tweet
Share
E-mailGet Alerts APP Hot Sheet
Join SI Premium – FREE
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.”
"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.”
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi sees AppLovin US growth as 'solid'
- Buy this multi-faceted AI product story, Citi says
- Evercore ISI on IBM (IBM): 'weakness is more concentrated toward mainframe/mainframe-related businesses'
Create E-mail Alert Related Categories
Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
