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Stock Market & Financial Investment News

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January 3, 2013
05:19 EDTAPPAmerican Apparel reports Dec. 2012 comparable store sales up 14% to $63.5M
American Apparel announced preliminary comparable sales for the month ended December 31, 2012, and reported that comparable store sales increased 14%, including a 9% increase in comparable store sales for its retail store channel and a 59% increase in net sales for its online channel. Wholesale net sales increased 12% for the month of December and total net sales increased 14% to $63.5M. For the year ended December 31, 2012, total net sales increased 13% to $616.7M, with a 15% increase in comparable store sales, and a 12% increase in wholesale net sales.
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September 30, 2014
18:21 EDTAPPAmerican Apparel board open to letting ousted CEO Charney stay, Bloomberg says
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September 29, 2014
08:37 EDTAPPAmerican Apparel appoints Scott Brubaker as interim CEO, Hassan Natha as CFO
American Apparel announced the appointment of Scott Brubaker as Interim CEO and Hassan Natha as Executive Vice President and CFO, effective immediately. Brubaker is a Managing Director at Alvarez & Marsal, and replaces John Luttrell as Interim CEO. Natha, who replaces Luttrell as CFO, has more than 20 years of experience in finance with both public and private companies, including service as Chief Financial Officer at Fisher Communications, Inc. and Jones Soda Company. John Luttrell, who had been serving as Interim Chief Executive Officer and Chief Financial Officer, is resigning from the company.

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