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American Apparel announces preliminary October sales up 5%

American Apparel announced preliminary sales for the month ended October 31 and reported that total net sales on a preliminary basis increased 5% to $59.1M when compared to the month ended October 31, 2011. Between the same periods, comparable retail and online sales on a preliminary basis increased an estimated 5% and wholesale net sales increased an estimated 17%. The Company estimates retail stores suffered an approximate 5% reduction in comparable sales from store closures related to Hurricane Sandy.