top shadow

current news

American Apparel’s 3q Losses Narrow

(Filed Under Financial and General Interest News). Basic apparel manufacturer, distributor and retailer American Apparel Inc.’s net losses narrowed in the third quarter of 2011 as sales rose.

Net losses came to $7.2 million, or 7 cents a share, down from $9.5 million, or 13 cents a share, in the third quarter of 2010. Sales increased 4.8 percent too $140.9 million, up from $134.5 million in the prior year’s period. Comparable sales rose 3 percent, retail sales increased 2 percent and online sales jumped 11 percent in the quarter. The company’s gross margin increased to 53.2 percent from 52.2 percent due mainly to an increase in sales prices across company sales channels.

"For the year, we have seen record sales in our online channel," stated chairman and C.E.O. Dov Charney. "With the combination of improving sales, a reduction in raw material prices and continued efficiency in our manufacturing processes, we believe the prospect is favorable for further improvement in our fourth quarter and fiscal 2012 financial performance."

Los Angeles-based American Apparel currently operates 247 stores in 20 countries.

more Financial and General Interest News >>

Published 11-09-2011 by Katherine Rautenberg

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 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 © 2022 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2022 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow