American&Nbsp; Apparel Satisfied Sales Growth Momentum
American Apparel, a casual clothing retailer in the US, is a vertically integrated manufacturer, distributor and brand fashion retailer. Shortly before, it provided an introduction to the fourth quarter.
Sale
Update information.
The company recently announced that its retail sales will continue to improve in the fourth quarter.
On the basis of an increase of 7% in retail stores and an increase of 32% in online sales, comparable store sales increased by 10% in November.
On the basis of 6% growth in retail stores and online sales, sales increased by 4% in October, including 3% in retail stores.
In the quarter ended November 30th, the company achieved 6% comparable sales growth, including comparable sales growth of 5% based on retail stores and an online sales growth of 16%.
The net sales volume of its wholesale business has changed little, and the result is the same as that of management.
Whole
On the basis of that, total net sales increased by 7% as of November 30th.
Dov Charny, chairman and CEO of the company, said: "we are satisfied with the momentum of our core business development.
Sales growth in our stores and online retail channels is related to restoring ties with customers. We are very excited about this trend. We feel it is enduring and we can build it meaningfully.
Other positive
Sign
This includes improving the efficiency of production facilities, stabilizing the world cotton prices and improving the profitability of our average retail stores. "
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