American Apparel Income Drops

Posted on by Chief Marketer Staff

American Apparel Inc. posted net income of $3 million for the fourth quarter, a decrease from $3.9 million in the prior year.

The direct marketer and wholesaler reported net sales of $158.1 million for the quarter ended Dec.31, an 8.6% increase over $145.6 million last year.

The New York company reported that online consumer net sales remained relatively unchanged at $11.4 million for both quarters.

The firm reported that gross margin for the quarter of 2009 was 55% of sales, an increase over 54.5% in the prior year.

Management attributed this in part to foreign currency fluctuations as well as

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