UNITED
STATES
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SECURITIES
AND EXCHANGE COMMISSION
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Washington,
D.C. 20549
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FORM
8-K
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CURRENT
REPORT
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PURSUANT
TO SECTION 13 OR 15(d) OF THE
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SECURITIES
EXCHANGE ACT OF 1934
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Date
of Report (Date of earliest event
reported)
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April
9, 2008
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American
Apparel, Inc.
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(Exact
name of registrant as specified in its charter)
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Delaware
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001-32697
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20-3200601
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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747
Warehouse Street, Los Angeles, California
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90021-1106
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area
code
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(213)
488-0226
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Not
Applicable
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(Former
name or former address, if changed since last report.)
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Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the
registrant under any of the following provisions (see General Instruction
A.2. below):
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item
7.01
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Regulation
FD Disclosure.
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On
April 9, 2008, American Apparel, Inc. issued a press release announcing March
2008 comparable store sales. The press release is furnished herewith as Exhibit
99.1. The information in this Form 8-K and Exhibit 99.1 attached hereto 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.
Item
9.01
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Financial
Statements and Exhibits.
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(d) Exhibits.
99.1 Press
release, dated April 9, 2008, of American Apparel, Inc.
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.
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AMERICAN
APPAREL, INC. |
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Date:
April 9, 2008
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By:
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/s/ Ken
Cieply |
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Name:
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Title:
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EXHIBIT
INDEX
Exhibit No. |
Description |
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99.1
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Press
release, dated April 9, 2008, issued by American Apparel,
Inc.
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AMERICAN
APPAREL REPORTS MARCH 2008 COMPARABLE STORE SALES
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·
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March
2008 Comparable Store Sales Increased 28.7%
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·
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First
Quarter 2008 Comparable Store Sales Increased
37.5%
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April
9, 2008, Los Angeles, California. American Apparel, Inc. (Amex: APP)
today announced the company’s comparable retail store sales for the month of
March 2008 and for the first quarter ended March 31, 2008.
American
Apparel reported that for the month of March 2008, sales for stores open for
more than twelve months increased 28.7% over the year ago period. In March 2007,
comparable store sales increased 25% versus March 2006. There were a total of
140 stores in the sales comparison for March 2008.
For
the first quarter ended March 31, 2008, comparable store sales increased 37.5%
over the year ago period. For the first quarter ended March 31, 2007, comparable
store sales increased 17%.
American
Apparel also reported that it opened six new retail store locations in the first
quarter: Mannheim, Germany; Antwerp, Belgium; Melbourne, Australia; Chung Dam,
South Korea; Dae Hak Ro, South Korea; and King of Prussia Mall, Pennsylvania.
During the first quarter, the company closed one retail location.
American
Apparel expects to report its first quarter 2008 financial results by Monday,
May 12, 2008. The company will give further information regarding the timing of
a conference call to discuss its first quarter financial results at a later
date.
About American
Apparel
American
Apparel is a vertically-integrated manufacturer, distributor, and retailer of
branded fashion basic apparel based in downtown Los Angeles, California. As of
March 31, 2008, American Apparel employed over 6,700 people and operated 187
retail stores in 15 countries, including the United States, Canada, Mexico,
United Kingdom, Belgium, France, Germany, Italy, the Netherlands, Sweden,
Switzerland, Israel, Australia, Japan and South Korea. American Apparel also
operates a leading wholesale business that supplies high quality t-shirts and
other casual wear to distributors and screen printers. In addition to its retail
stores and wholesale operations, American Apparel operates an online retail
e-commerce website at http://store.americanapparel.net.
Safe Harbor
Statement
This
press release, and other statements that American Apparel, Inc. may make, may
contain forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are statements that
are not historical facts and include statements regarding, among other things,
the company's future financial condition and results of operations and the
company's prospects and strategies for future growth. In some cases, you can
identify
forward-looking statements by words or phrases such as "trend," "potential,"
"opportunity," "believe," "comfortable," "expect," "anticipate," "current,"
"intention," "estimate," "position," "assume," "outlook," "continue," "remain,"
"maintain," "sustain," "seek," "achieve," and similar expressions, or future or
conditional verbs such as "will," "would," "should," "could," "may" and similar
expressions.
Such
forward-looking statements are based upon the current beliefs and expectations
of American Apparel's management, but are subject to risks and uncertainties,
which could cause actual results and/or the timing of events to differ
materially from those set forth in the forward-looking statements. American
Apparel cautions that forward-looking statements are subject to numerous
assumptions, risks and uncertainties, which change over time. Actual results
could differ materially from those anticipated in forward-looking statements and
future results could differ materially from historical performance. The
following factors, among others, could cause actual results to differ from those
set forth in forward-looking statements: business conditions, including risks
associated with foreign markets, international business and online retail
operations, increases in materials or labor costs and employee matters; the
company's relationships with its lenders and its ability to comply with the
terms of its existing credit facilities; changing interpretations of generally
accepted accounting principles; changes in the overall level of consumer
spending; changes in preferences in apparel or the acceptance of the company's
products and the company's ability to anticipate such changes; the performance
of the company's products within the prevailing retail environment; availability
of store locations at appropriate terms and our ability to open new stores and
expand internationally; the possibility that the company's suppliers and
manufacturers may not timely produce or deliver the company's products;
financial non-performance by the company's customers, primarily in the wholesale
business; inquiries and investigations and related litigation; continued
compliance with U.S. and foreign government regulations; legislation or
regulatory environments; requirements or changes adversely affecting the
business in which the company is engaged; fluctuations in customer demand;
management of rapid growth; intensity of competition, both domestic and foreign,
from other apparel providers; changes in key personnel; costs as a result of
operating as a public company; general economic conditions; increases in
interest rates; geopolitical events and regulatory changes; as well as other
relevant risks detailed in the other filings that the company makes with the
Securities and Exchange Commission and available at www.sec.gov. You are urged
to consider these factors carefully in evaluating the forward-looking statements
herein and are cautioned not to place undue reliance on such forward-looking
statements, which are qualified in their entirety by this cautionary statement.
The forward-looking statements speak only as of the date on which they are made
and the company undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
Contact:
Joseph Teklits/Jean
Fontana
ICR
203-682-8200