Sponsors
Billabong ▲ +0.015 | PPR ▲ +0.75 | American Apparel ▲ +0.005 | The Buckle ▼ -0.30 | Columbia ▲ +0.08 | Deckers Outdoor ▲ +0.37 | Dicks ▲ +0.39 | Foot Locker ▼ -0.19 | Genesco ▼ -0.54 | Iconix Brand Group ▼ -0.31 | Jarden Corp ▲ +0.24 | Nordstrom ▼ -0.18 | Luxottica ▲ +1.05 | Nike ▼ -0.27 | Pacific Sunwear ▼ -0.02 | Skullcandy ▲ +0.09 | Sport Chalet - 0 | Urban Outfitters ▲ +0.06 | VF Corp ▼ -0.27 | Quiksilver ▲ +0.02 | Zumiez ▲ +0.56 | Macys ▼ -0.50 | Tillys ▼ 0.00 |
Ticker Sponsor
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
Industry Insight

SIMA: Tickets on sale for 12th Image Awards show on Feb. 12.
PROCOPIO: Seminar 1/31 at Snow Show on IP strategies.

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