Clothing maker American Apparel announced Tuesday that sales were up last month due to strong demand for summer wear.
The Downtown L.A. company had revenue of $56 million in June, up 7 percent from $52 million in June 2012.
The largest increase came from online purchases, up 22 percent. Wholesale revenue was up 16 percent. Physical store sales were up 5 percent.
Chief Executive Dov Charney noted the company was continuing a favorable trend.
“June represents our 25th consecutive month of positive comparable store sales growth,” Charney said in a statement. “I am excited with the 7 percent increase in comparable store sales in June.”
The company also announced Tuesday that it secured a new lender, Bank of Montreal, and increased its revolving credit facility from $35 million to $50 million.
American Apparel shares were up 5 cents, or 2.6 percent, in midday trading on the New York Stock Exchange.
