top shadow

current news

American Apparel Cites 34% 2Q Drop

(Filed Under Financial and General Interest News). American Apparel Inc., a retailer of fashion-basics including intimates, leggings, and swimwear, reported a 34 percent drop in profit during the second quarter as the result of higher operating expenses and lower same-store sales than expected. As a result, the company lowered it’s full-year guidance to revenues of between $540 and $555 million compared to its previously-released guidance of between $550 and $575 million.

Net sales for quarter were $136.1 million, a 2.3 percent jump from net sales of $133.0 million for last year’s second quarter. Retail sales grew by 13.4 percent to $92.2 milion from $81.3 million, with comparable store sales for stores open for at least one year declining by 10 percent on a constant currency basis. Wholesale sales declined by 17.3 percent.

American Apparel opened eight stores during the quarter, ending it with 272 total stores.

more Financial and General Interest News >>

Published 08-19-2009 by Amanda Torres Price

Related Articles

American Apparel Cites 34% 2Q Drop

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2022 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2022 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow