PROCOPIO: Next labor & employment law seminar topic: paid sick leave.
SURFRIDER: Ocean-friendly gardening and water conservation.
Details on Industry Insight.
American Apparel, Inc. (NYSE Amex: APP), a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced preliminary sales for the month ended February 29, 2012. The Company reported that for the month of February, 2012 total net sales increased 13% to $42.1 million when compared to the month ended February 28, 2011. Between the same periods, comparable store sales increased an estimated 10% and wholesale net sales increased an estimated 24%.
“We continue to be encouraged by our improving sales performance with sales trends remaining solidly positive in all three distribution channels,” stated Dov Charney, Chairman and CEO. “Our comparable store sales increase was driven by a combination of higher unit sales and an increase in average unit retail prices. Our imprintable wholesale sales continue to run at record levels across a broad base of customers and categories. As we enter the spring season, our inventories are in line and we are well positioned to continue with positive sales momentum,” added Charney.
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 29, 2012, American Apparel had approximately 10,000 employees and operated 250 retail stores in 20 countries, including the United States, Canada, Mexico, Brazil, United Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan, South Korea, and China. American Apparel also operates a leading wholesale business that supplies high quality T-shirts and other casual wear to distributors and screen printers. In addition to its retail stores and wholesale operations, American Apparel operates an online retail e-commerce website at http://www.americanapparel.net.