Double-digit increases in retail and wholesale revenues helped deliver an “encouraging” first quarter for American Apparel, more than halving last year’s losses.
The US company said wholesale revenues rose by 17% in the three months to 31 March, while net sales were up 14% and comparable store sales increased by 16%.
“We are pleased with our first quarter results and solid improvements across all of our businesses,” said John Luttrell, American Apparel CFO.
“Our wholesale and online channels both reported record sales for the quarter, and we are highly encouraged by the continued momentum in comparable sales from our retail stores, both domestic and international.”
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