Weather again to blame for poor results: now, American Apparel

American Apparel reported lower figures for the year

to September, 30, blaming the weather as the main factor to have weighted down its performance. Meanwhile, Nordstrom (JWN_) beat Wall Street expectations for the third quarter despite its profit fell compared on yearly basis. In the UK, Ted Baker posted a 24 percent increase in group sales to 77.1 million pounds in the 13 weeks to November 9.

Always polemical American Apparel find itself struggling with out-of-stock items and high costs which led to disappointing earnings for the period ended Sept. 30. The LA-based company said its revenue rose 1 percent to 164.5 million dollars. Net loss was reduced substantially, coming at 1.5 million dollars, or a cent per share, compared with the 19 million dollars loss, or 18 cents a share, a year earlier.

American Apparel’s earnings before interest, taxes and other factors was of 3.8 million dollars in the third quarter.

In comparison, Nordstrom reported net income fell 6 percent to 137 million dollars, or 69 cents a share for the quarter ending in the Nov. 2-ending quarter, compared to 146 million dollars, or 71 cents a share, in the year-earlier quarter. Analysts polled by Thomson Reuters, expected the high-end retailer to post earnings of 66 cents a share on revenue of 2.87 billion dollars.

In London, Ted Baker unveiled a 24 percent increase in group sales to 77.1 million pounds in the 13 weeks to November 9 after an “encouraging” reception to its autumn/winter range, as the own company explained Thursday. The iconic British retailer posted a 20 percent increase in retail sales to 58.1 million pounds during the period, according to an interim management statement.

Ted Baker’s expansion overseas has continued during the period, opening concessions in department stores in the US, the Netherlands, France, Spain and Germany, as well as its first in China.