After a particularly turbulent 2011, American Apparel showed stronger sales in December.
Between lawsuits and debt woes, American Apparel had a particularly rough 2011, so it stands to reason that CEO Dov Charney took an opportunity to make a statement about the company's strong showing in December.
Thanks to a Groupon promotion that, according to WWD, sold more than 100,000 deals for the company, American Apparel reportedly increased sales 15 percent in December.
As WWD reports, the CEO addressed a group in San Antonio, saying, "We’re getting our groove back a bit ... We’re methodically going through each door, inspecting them and looking for ways to improve productivity."
The company still has a long road ahead, considering it owes a reported $47.6 million to a Bank of America credit facility and $114 million to Lion Capital. After a series of deals that infused the brand with extra cash and may have saved it from bankruptcy, Charney himself no longer owns a majority stake in the company.