American Apparel Inc. had a narrower loss and improved sales in its second quarter, the Los Angeles clothing maker and retailer said in an updated earnings filing.
For the three months that ended June 30, the company reported a loss of $213,000, or flat earnings per share, compared with a loss of $14.7 million, or 21 cents, in the year-earlier period.
Sales were flat overall and at stores open at least a year. The latter measure, known as same-store sales, is considered an important gauge of a retailer's health because it excludes store openings and closings. In its second quarter last year, year-over-year same-store sales declined 16%.
Chief Executive Dov Charney said sales trends were improving, with same-store sales up 3% in June and 4% in July. Second-quarter online sales rose 23%.