Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Everyone seems to think that the media only enjoys covering the doom and gloom out there in the retail world, but we’re actually happy to see at least one retailer performing well.American Apparel just released its fourth-quarter results, and there isn’t really any bad news to report. The Los Angeles chain is still opening stores and had great numbers to report.The 260-store chain is adding 25 to 30 new units this year. Its fourth quarter boasted a same-store sales jump of 11% and net sales rose 31%, hitting $145.6 million. Net income came in at $3.9 million, up from $3 million during the same period last year.The retailer also recently received an $80 million investment from Lion Capital to pay of debt and fund future growth.Probably the only dark spot out there are the lawsuits directed toward CEO Dov Charney.Can we continue to see such great numbers from American Apparel, or do you think things are bound to change for the retailer in this economy?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.