Business news : American Apparel June comps increase 7%

LOS ANGELES--(BUSINESS WIRE)--American Apparel, Inc. (NYSE MKT:APP), a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced preliminary sales for the month ended June 30, 2013. On a preliminary basis, total net sales for June 2013 were $55.9 million, an increase of 7% over June 2012. Comparable sales for June 2013 increased 7%, including a 5% increase in comparable store sales in the retail store channel and a 22% increase in net sales in the online channel.

Wholesale net sales increased 16% for the month. For the quarter ended June 30, 2013, total net sales increased 9% to $162.2 million, with a 7% increase in comparable sales and a 16% increase in wholesale net sales.

“June represents our 25th consecutive month of positive comparable store sales growth,” said Dov Charney, Chairman and Chief Executive of American Apparel, Inc. “I am excited with the 7% increase in comparable store sales in June, particularly since it is on top of the 19% increase achieved in June 2012. Likewise, the 16% increase in wholesale net sales is on top of a 7% increase achieved for the month ended June 30, 2012. Sales growth was across a broad range of product categories and demonstrates the strength of our summer product offering. Thus far, July sales are solidly positive in our retail and online channels, and we expect a meaningful increase in our wholesale net sales this month when compared to the prior year.”

About American Apparel
American Apparel is a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel based in downtown Los Angeles, California. As of June 30, 2013, American Apparel had approximately 10,000 employees and operated 245 retail stores in 20 countries, including the United States, Canada, Mexico, Brazil, United Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, Switzerland, Australia, Japan, South Korea, and China. American Apparel also operates a global e-commerce site that serves over 60 countries worldwide at http://www.americanapparel.net. In addition, American Apparel operates a leading wholesale business that supplies high quality T-shirts and other casual wear to distributors and screen printers.

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