Sponsors
Billabong ▲ +0.010 | PPR ▼ -0.50 | American Apparel ▼ -0.006 | The Buckle ▲ +1.19 | Columbia ▼ -0.61 | Deckers Outdoor ▼ -0.32 | Dicks ▼ -0.95 | Foot Locker ▼ -0.61 | Genesco ▼ -0.29 | Iconix Brand Group ▼ -2.72 | Jarden Corp ▼ -0.55 | Nordstrom ▲ +0.30 | Luxottica ▼ -0.58 | Nike ▼ -0.56 | Pacific Sunwear ▼ -0.05 | Skullcandy ▼ 0.00 | Sport Chalet - 0 | Urban Outfitters ▼ -0.13 | VF Corp ▲ +0.18 | Quiksilver ▼ -0.06 | Zumiez ▲ +0.07 | Macys ▲ +0.47 | Tillys ▼ -0.10 |
Ticker Sponsor
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
Executive Edition rules
Executive Edition rules

“Shop-Eat-Surf” is now officially, the first stop in the morning for industry news. Accurate reporting, no sensationalism, and just the facts. Refreshing support to an incredible industry with a very bright future. Tiffany has cemented her role in the industry....the site is thought provoking, and inspirational. Learning the stories of others is incredibly useful. Great way to connect the retail community with the wholesale and financial, instantly and nationwide. ... And the Executive Edition rules.

- By Bob Hurley, Chairman, Hurley International
Industry Insight

MOSS ADAMS CAPITAL: Apparel and foowear market monitor highlights notable deals, stock prices and results.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Wholesale still weak for American Apparel

By Tiffany Montgomery
November 10, 2009 6:00 AM

American Apparel said this morning that sales fell 2.9% to $150.3 million in the third quarter.

Net income was $4.2 million vs. $2.3 million during the same period last year.

In Q3 of 2008, however, net income was negatively impacted by stock-based compensation expenses.

Excluding those expenses, net income in Q3 of 2009 declined 79% compared to the same period last year.

Retail sales rose 3.7% to $101 million. Same-store sales declined 16% in constant currency. The company said the decline is largely attributable to the cannibalization of sales when it opens new stores in existing markets.

The company has opened 50 new stores in the past 12 months and ended the quarter with 276 stores.

Wholesale sales fell 14.5% to $40.2 million.

Online sales declined 12.5% to $10.4 million.

For the full year, American Apparel expects sales to range between $540 million to $555 million.

 


Articles You Might Have Missed