American Apparel Inc. late Wednesday reported double-digit sales increases in its December same-store and net sales, elevating its fourth-quarter revenues nearly 10 percent.
The Los Angeles-based vertical retailer of fashion basics reported that its net sales for the three months ended Dec. 31 hit $157.9 million, 9.7 percent above the $144 million tallied in the comparable 2010 period. Comparable-store sales rose 7 percent in the quarter while online sales were up 20 percent and net sales of its wholesale operations were 6 percent higher.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"