top shadow
BODY



































Trade Readers:
I am a STORE BUYER or OWNER
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a CONSUMER
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand












current news

American Apparel: Mixed 4q


(Filed Under Financial and General Interest News). During the fourth quarter ended December 31, 2009, American Apparel, Inc. reported a reduction in manufacturing efficiency at its production facilities. The company attributed this primarily to the forced termination of more than 1,500 manufacturing employees during the third and fourth quarter of 2009 due to unresolved irregularities in their immigration identity documents.

Still, the vertically integrated manufacturer, distributor and retailer of fashion basics reported mixed sales results compared with the same period of the previous year. Total net sales increased 8.6 percent; to $158.1 million from $145.6 million, with retail net sales up 10.4 percent; to $108.2 million from $98 million, and wholesale net sales, excluding online consumer sales, up 6.1 percent; to $38.5 million from $36.3 million. However, comparable store sales declined 7 percent. Net income decreased to $3.049 million from $3.884 million.

Dov Charney, chairman and chief executive officer of the company, stated: “I am pleased by the discipline that has been demonstrated in managing our inventory levels and by the focused capital expenditures made in 2009. Our main goals for 2010 are to enhance the productivity of our existing base of retail stores, re-establish our level of manufacturing efficiency at our production facilities, and to continue to broaden our management team to implement best practices throughout our organization.”

As of March 20, 2010, American Apparel employed approximately 10,000 people and operated 280 retail stores in 20 countries, including the United States; Canada; Mexico; Ireland; Spain; Israel; and China. For further information, contact Adrian Kowalewski, chief financial officer of the company, by calling (213) 488-0226.


more Financial and General Interest News >>

Published 04-01-2010 by Amanda Torres Price

Related Articles

American Apparel: Store Closings & Cost Cuts
Charney Out, Buy Offer At American Apparel
American Apparel Financing Deal Stalls
Changes, Expansion at American Apparel
American Apparel’s 3q Losses Narrow
Am. Apparel in Plus-Size Model Controversy
American Apparel To Launch eBay Shop
Am. Apparel Board Changes, Comp Sales Up
American Apparel Subpoenaed
Am. Apparel C.E.O. Denies Bankruptcy


Comment on this article, brand or product

Disclaimer: The views expressed in comments published on bodymagazine.us are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.















NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to bodymagazinefmmg@gmail.com
bottom shadow
*