American Apparel Inc. said on Thursday that same-store sales grew 24 percent in the third quarter, including a 15 percent increase in the back-to-school month of September.
The Los Angeles-based clothing company, which opened 33 new stores in the third quarter, based its figures on 150 locations that had been open for more than 12 months, considered a more reliable metric of retail health.
The company said it plans to file its quarterly earnings report with the Securities and Exchange Commission on Nov. 10, but has not set a date for a conference call.
American Apparel shares closed down 31 cents, or 4.8 percent, to $6.10 on the American Stock Exchange.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Sales Up at American Apparel
- American Apparel's Profit Jumps 30 percent
- NYSE Says Clothing Maker’s Changes Don’t Fit
- Apparel Sales Fall in August
- Same-Store Sales Slide at American Apparel
- American Apparel's Same-Store Sales Surge 24 Percent
- American Apparel Profit Falls
- Same-Store Sales Down at American Apparel