Press Release:
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 February 28, 2013, and reported that comparable sales increased 6%, including a 3% increase in comparable store sales for its retail store channel and a 28% increase in net sales for its online channel. Wholesale net sales decreased 2% for the month of February primarily due to one less wholesale shipping day in 2013 (February 2012 had 29 days). If adjusted to eliminate the effect of the extra shipping day in 2012, the Company estimates wholesale net sales would have shown an increase of approximately 4%. On a preliminary basis, total net sales for February 2013 were $42.1 million.
“February represents our 21st consecutive month of positive comparable store growth,” said Dov Charney, Chairman and Chief Executive of American Apparel, Inc. “This solid performance is consistent with our business plan as reflected in our guidance issued earlier this week indicating net sales between $652 million and $660 million and Adjusted EBITDA between $47 million and $54 million for 2013.”
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 February 28, 2013, American Apparel had approximately 10,000 employees and operated 251 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 https://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.
