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Gross profit of $93.1 million for the fourth quarter of 2012 represented an increase of 11 percent from $83.8 million reported for the fourth quarter of 2011. Foreign currency effects were minimal for the quarter. Gross margin for the fourth quarter of 2012 was 53.8 percent as compared with 53.2 percent for the same quarter in 2011. The gross margin improvement was due to a shift in sales mix to higher margin online sales, reductions in manufacturing costs, and an improvement in retail gross margin.
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- Companies:
- American Apparel
- Versa-Tags
- Places:
- Los Angeles
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