American Apparel Inc. Announces Comparable Sales for November 2013 Increased 1%

American Apparel Inc. announced preliminary sales for the month of November 2013. On a preliminary basis, total net sales were $49.2 million, a decrease of 1 percent over the prior year. Comparable sales increased 1 percent, including a 1 percent increase in comparable store sales in the retail store channel and a 4 percent increase in net sales in the online channel. Wholesale net sales decreased 4 percent for the month.

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A Trend is Born

Kim Kardashian isn’t feeling Pantone’s top color of spring 2014, Dazzling Blue, when it comes to her daughter. But no “baby pink” allowed. Here are some alternatives. 

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American Apparel Inc. Announces Net Sales for July 2013 Increased 5%

American Apparel announced preliminary sales for the month ended July 31, 2013. On a preliminary basis, total net sales for July 2013 were $57.6 million, an increase of 5 percent over July 2012. Comparable sales for July 2013 increased 8 percent, including a 6 percent increase in comparable store sales in the retail store channel and a 23 percent increase in net sales in the online channel. Wholesale net sales increased 2 percent for the month.

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American Apparel Inc. Announces an Additional $15 Million Commitment Under Its U.S. Revolving Credit Facility

American Apparel Inc. announced a $15 million increase in its revolving credit facility with Capital One Leverage Finance Corp. As a part of this transaction, The Bank of Montreal was added as a loan participant and the total commitment under this facility was raised to $50 million from $35 million. The additional commitment was made under substantially the same terms of the existing facility.

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