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Aeropostale Looks to Canada

NEW YORK CITY-Mall-based teen clothing retailer Aeropostale Inc. plans to take its chic styles to Canada next year and go international.

By Beverly Ford | Updated on November 30, 2006

NEW YORK CITY-Teen-apparel retailer Aeropostale Inc. will go international next year when it takes its trendy, mall-based shops to Canada, a company official says. The chain, which grew by 12 stores domestically during the third quarter, said it plans to add more US outlets next year and will step outside the border to bring its mix of hip styles to Canadian teenagers.

The expansion announcement comes as Aeropostale closed on a third quarter that produced record sales and strong earnings on the verge of what the company expects to be a robust holiday season. The mall-based retailer, which operates more than 700 stores that cater to 11 to 18-year-olds, says net income for the quarter ended Oct. 28 rose by 25% to $32.6 million, or 61 cents per share, a gain of more than $6 million over the prior year’s quarter when it earned $26.1 million, or 47 cents per share.

Sales for the quarter were up 18.7% to a record $385.5 million, from $324.7 million in the year-ago period while comparable store sales rose 5.6% against a 1.5% drop in comparable store sales during the third quarter of 2005.

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