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American Apparel sees improving sales trends
By TIFFANY MONTGOMERY
December 05, 2011 05:55 AM
December 05, 2011 05:55 AM
American Apparel updated investors on its fourth quarter performance Sunday night before speaking at a conference this week.
The company said it continues to see improvement in retail sales in the fourth quarter.
Quarter to date through November, same store sales rose 6%, with a 5% increase in store comps and a 16% increase in online comps.
Wholesale revenues quarter to date are flat.
Net sales are up 7%.
American Apparel’s sales trends improved from October to November. Comps rose 4% in October and 10% in November.
The company operates 249 stores in 20 countries.
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