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APP > SEC Filings for APP > Form 8-K on 7-Jun-2012All Recent SEC Filings

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Form 8-K for AMERICAN APPAREL, INC


7-Jun-2012

Results of Operations and Financial Condition


Item 2.02 Results of Operations and Financial Condition
On June 7, 2012, American Apparel, Inc. (NYSE Amex: APP), a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced preliminary sales for the month ended May 31, 2012. The Company is also providing comparable store sales for all months during 2011 in response to certain equity analyst requests. The information in this Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. May 2012 Preliminary Sales
The Company reported that for the month ended May 31, 2012, total preliminary net sales increased 17% to $49.7 million when compared to the month ended May 31, 2011. Between the same periods, comparable store sales on a preliminary basis increased an estimated 17% and wholesale net sales increased an estimated 24%.
The following delineates the components of the estimated increases for May 2012 and the four previous months when compared to the corresponding months of the prior year:
                                                             2012
                           January   February  March     First Quarter
Comparable Store Sales       11 %       11 %     20 %           14 %
Comparable Online Sales      41 %        9 %     24 %           25 %
Comparable Store & Online    15 %       11 %     21 %           16 %
Wholesale Net Sales          23 %       21 %      9 %           17 %


                            April      May
Comparable Store Sales        6 %       17 %
Comparable Online Sales      50 %       19 %
Comparable Store & Online    10 %       17 %
Wholesale Net Sales           4 %       24 %


2011 Comparable Sales
The table below shows the increase (decrease) in comparable sales for our retail
and online stores and the increase (decrease) in wholesale net sales, by month
and by quarter for the year ended December 31, 2011. The comparable sales have
been calculated in a consistent manner as described in our most recent Form 10-K
filed with the SEC on March 14, 2012.

                                                             2011
                          January  February   March     First Quarter
Comparable Store Sales      (9)%     (4)%     (10)%          (8)%
Comparable Online Sales     35%      36%       11%           27%
Comparable Store & Online   (5)%      -%      (8)%           (5)%
Wholesale Net Sales         (3)%     (3)%     (6)%           (4)%

                                                             2011
                           April     May      June      Second Quarter
Comparable Store Sales       1%      (4)%      3%             -%
Comparable Online Sales      1%       3%       62%           17%
Comparable Store & Online    1%      (3)%      7%             1%
Wholesale Net Sales          -%      (6)%     (7)%           (4)%

                                                             2011
                            July    August  September   Third Quarter
Comparable Store Sales       3%      (1)%      3%             2%
Comparable Online Sales     21%      17%      (1)%           11%
Comparable Store & Online    5%       -%       3%             3%
Wholesale Net Sales          4%      17%       9%            10%

                                                             2011
                          October  November December    Fourth Quarter
Comparable Store Sales       3%       7%       11%            7%
Comparable Online Sales      4%      38%       21%           19%
Comparable Store & Online    3%      10%       12%            8%
Wholesale Net Sales         (2)%      1%       25%            6%

                                                             2011
                                                          Full Year
                          Comparable Store Sales              -%
                          Comparable Online Sales            18%
                          Comparable Store & Online           2%
                          Wholesale Net Sales                 2%


Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN APPAREL, INC.

Dated: June 7, 2012 By: /s/ Glenn A. Weinman Name: Glenn A. Weinman Title: Senior Vice President, General Counsel and Secretary

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