American Apparel reports higher sales, earnings

So if you don´t have an American Apparel next door,you can hope to have one in the next time

The L.A.-based clothier says it will accelerate expansion plans.

American Apparel Inc., a clothing maker and retailer with an edgy image, reported Thursday that sales soared 39% in the second quarter and said it was accelerating its expansion plans despite the weak economy.

Net income jumped 42% to $6.8 million from a year earlier as the Los Angeles-based company’s more-profitable retail sales grew faster than its wholesale business.

“It’s one of the few companies in retail generating extremely strong growth at high-quality margins,” said Todd D. Slater, an analyst with Lazard Capital Markets.

Or, as Chief Executive Dov Charney said during a conference call with investors, “Our stores are hot right now.”

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