American Apparel reports same store profit |
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| Tuesday, 12 June 2007 | |
 Lifestyle retailer American Apparel on Monday stated it secured first-quarter profit on improved same-store sales The company, which is being acquired by Endeavor Acquisition Corp., reported a profit of $1.5 million compared with a loss of $518,000 in the year-ago period.
 Revenue for the quarter climbed 24 percent to $73.5 million from $59.3 million in the prior year. Same-store sales, or sales at stores open at least a year, are a key measure of retailer performance, because they measure growth at existing stores rather than from newly opened ones.
Retail sales surged 61 percent to $38.2 million versus $23.8 million in the previous year. Wholesale sales were virtually flat at $35.3 million. American Apparel, operates more than 150 stores in 12 countries, and has been under close scrunity for its controversial imaging, which tends to feature teenagers and young adults provocatively photographed in their bedrooms. |
