American Apparel Inc.’s third-quarter losses narrowed as sales rose and gross margins improved.
Net losses shrank to $7.2 million, or 7 cents a share, from $9.5 million, or 13 cents, a year earlier. Sales for the three months ended Sept. 30 rose 4.8 percent to $140.9 million from $134.5 million. Gross margins increased to 53.2 percent of sales from 52.2 as retail prices rose and the company increased efficiency in the area of manufacturing labor.
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