American Apparel Inc. Announces Preliminary September Sales
"We are again pleased with our retail store, direct-to-consumer and wholesale sales," said Dov Charney, chief executive officer and chairman of the board of the Los Angeles-based company. "I'm particularly encouraged by the strength of our full-price business and overall unit sales, and excited that our retail segment growth compares against positive results from the prior year. This past month aligned with our internal expectations, and we anticipate that both our retail and wholesale segments will experience continued sales momentum heading into October and the Holiday selling season. Assuming our sales and EBITDA growth hold through the fourth quarter, we believe that we will be in a position to refinance our existing high cost debt and reduce our cost of capital."
- Companies:
- American Apparel
- People:
- Dov Charney