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American Apparel: Sales Up 6%

American Apparel(TM)
American Apparel(TM)

(Filed Under Financial and General Interest News). On December 4th, American Apparel, Inc announced its comparable store sales for the month of November 2008.

For November, sales for stores open for more than a year increased 6 percent over the year ago period, on a constant basis. For November 2007, comparable store sales increased by 42 percent. There were 153 stores in the sales comparison for November 2008.

The company opened 12 new retail stores during the month of November in the following locations: Metlox in Manhattan Beach, Ventura, Costa Mesa, Victoria Gardens in Rancho Cucamonga, Napa Premium Outlets and Girloy Premium Outlets, all in California; the Mall of America in Minnesota; Carrefour Laval in Quebec; the Promenade Shopping Center in Ontario; Nottingham, England; Rome, Italy; and Mexico City, Mexico. During the same month, the company closed one location and opened a total of 67 new retail stores in 2008 through November 30.

American Apparel is a manufacturer, distributor and retailer of branded fashion basic apparel in downtown Los Angeles. As of November 30, 2008, the company employed over 10,000 people and operated more than 240 retail stores in 19 countries, including the U.S., Canada, Brazil, United Kingdom, Austria, Belgium, France, Germany, the Netherlands, Spain, Sweden Switzerland, Israel, Australia, Japan, South Korea and China. In addition to its retail stores and wholesale operations, the company also operates an online retail e-commerce website.

more Financial and General Interest News >>

Published 12-12-2008 by Bruna Fernandes

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