By  on March 4, 2013

American Apparel Inc. surprised Wall Street with a fourth-quarter profit late Monday, and investors returned the favor with a double-digit spike in the company’s shares in after-hours trading.

The embattled Los Angeles-based vertical retailer also provided strong guidance for the new year and laid out longer-term goals, including the addition in the next three to five years of between 60 and 70 stores to its current fleet of 251 and a boost in e-commerce to 17 percent of its non-wholesale revenues from last year’s level of 12.4 percent, or $55 million.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus