American Apparel Inc. Announces Comparable Sales for November 2013 Increased 1%
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"We saw meaningful sales strength in both our stores and online business on Black Friday and the weekend following Thanksgiving. We were also very encouraged by positive online sales growth on Cyber Monday. However, given the shifts in timing of the Thanksgiving holiday, Cyber Monday sales in 2013 will not be recognized until December versus November last year. Finally the modest decline in wholesale net sales is a result of the comparison to an extraordinary sales increase last year, as last November we shipped a significant stocking order from a major new customer. Additionally, we had one extra shipping day for our wholesale business last November.
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