The following table illustrates the progress American Apparel has made on this front:
Average Sales per Store on an Annualized Basis
June 2012 $1,600,000
June 2011 $1,360,000
June 2010 $1,180,000
June 2009 $1,390,000
June 2008 $1,730,000
In addition, the company reported that record volumes should allow it to better leverage store, factory and corporate overheads. "Although favorable cotton prices are tempered by the negative effects of a strengthening U.S. Dollar, we are managing our margins tightly and continue to generate a significant proportion of our sales through full-price selling," American Apparel said in the statement. "As we continue to raise store productivity levels, we will begin to examine opening additional stores, and believe we could be in a position to open as many as 50 additional stores over the next three years."
- Companies:
- American Apparel