American Apparel Opens New Store in South Korea
LOS ANGELES and BUSAN, South Korea, Jan. 6, 2012 /PRNewswire/ — American Apparel (Amex: APP), the vertically integrated clothing manufacturer based in downtown Los Angeles, has announced the opening of a store in Busan, South Korea.
The 2312 sq ft store, which opened January 2, is located in the Busanjin-gu district in Busan, the second largest city in South Korea. Known for its shopping and entertainment venues such as UNIQLO, Nike and Apple, Busanjin-gu is an ideal location to reach out to fashionable urban dwellers.
“On the strength of our sales in this market, it made sense to capitalize on the opportunity in Korea. The people of Busan are stylish and fashionable and have always been avid consumers of our products, so we are excited to serve their needs with this retail location,” said Marsha Brady, a creative director for American Apparel.
The Busan store will be the first opened by American Apparel in South Korea since 2008. It joins four other Korean locations, all located in Seoul.
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 November 30, 2011, American Apparel had approximately 11,000 employees and operated 249 retail stores in 20 countries, including the United States,Canada, Mexico, Brazil, United Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan, South Korea, and China. 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://www.americanapparel.net.
SOURCE American Apparel