Aéropostale Inc. reported an 18.4 percent jump in third-quarter net income, although same-store sales fell in November.
Tightly managed inventory, new promotions and growth in the New York-based retailer’s graphic apparel business helped the firm post net income $42.6 million, or 63 cents a diluted share, for the quarter ended Nov. 1. This compares with net income of $36 million, or 48 cents a share, a year ago. Net sales rose 16.8 percent to $482 million from $412.6 million in the 2007 period.
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