Aeropostale sales rise

Article Excerpt

AEROPOSTALE INC. $26.40 (New York symbol ARO; TSINetwork Rating: Extra Risk) (646-485-5410; www.aeropostale.com; Shares outstanding: 92.5 million; Market cap: $2.4 billion; No dividends paid), reports that its January sales rose 7% from a year earlier. Same-store sales rose 1%. That beat consensus estimates of a sales decrease. For the four-week period ended January 30, 2011, the company’s total sales (including new stores) were $120.4 million. Aeropostale also successfully sold most of its holiday merchandise, and is now beginning to sell its new spring clothing. Aeropostale is still a buy. buy…